Becker's reported on four hospitals that announced bankruptcies or closure plans since Sept. 1:
1. Avail Hospital Lake Charles (La.) permanently closed Sept. 29. No reason was given for its closure. The 33,000-square-foot facility was billed as Louisiana's first microhospital when it opened in 2017.
2. New York City-based Mount Sinai Health will close its Beth Israel campus in the city "after years of agonizing debate and analysis," though it could open a smaller facility downtown in the future. The closure will be gradual after an initial reduction of the inpatient bed count at the 696-bed teaching hospital, with the eventual shuttering expected to take a few years.
3. The Hospital at Westlake Medical Center, a physician-owned hospital in Westlake Hills, Texas, announced Sept. 8 it is filing for Chapter 11 bankruptcy protection. The hospital had significant debt before the COVID-19 pandemic, and the pandemic exacerbated the situation. The hospital will continue all its operations during the bankruptcy proceedings.
4. St. Margaret's Health, which has been closed since June, filed two petitions of Chapter 11 bankruptcy for its St. Margaret's Spring Valley (Ill.) and St. Margaret's Peru (Ill.) facilities, Shaw Local News Network reported Sept. 1. The health system reported that it had at least 1,000 creditors who are owed between $10 million and $50 million. Peoria, Ill.-based OSF Healthcare since received approval to take over the Peru facility.