Walnut Hill Medical Center, a 100-bed for-profit hospital in Dallas, filed for Chapter 7 bankruptcy Tuesday after abruptly closing just four days prior.
The hospital, which opened in April 2014, shut down June 2 without warning from hospital officials. Employees were told of the plan to shutter the hospital on the morning it closed, The Dallas Morning News reported.
Although officials did not provide specifics about what caused Walnut Hill Medical Center to close, documents filed in the bankruptcy case give a glimpse into the financial challenges the hospital is facing.
In its bankruptcy petition, the hospital listed its assets as between $10 million and $50 million and its liabilities as between $100 million and $500 million. The hospital said it has at least 200 creditors.
More details about Walnut Hill Medical Center's finances will be revealed as the bankruptcy case proceeds.
More articles on healthcare finance:
NYC Health + Hospitals sees operating loss nearly double to $673M
Wellmark executive reveals which condition Iowa's $12M patient suffers from
NY cancer center avoids Medicare reimbursement cut after $250k typo