Texas hospital closes, lays off 175 before new owner's takeover

Dallas-based Forest Park Medical Center's campus in Fort Worth, Texas, shut down late Tuesday and its employees were laid off, according to the Star-Telegram.

Forest Park Medical Center's network of six physician-owned facilities fell into financial trouble in 2015, and its hospitals filed for Chapter 11 bankruptcy in late 2015 and early 2016. The network is selling off its hospitals one by one, and Arlington-based Texas Health Resources cast the highest bid for the Fort Worth campus earlier this month.

The hospital's outgoing managers expected the sale to close Tuesday. When the deal didn't close, the 54-bed facility shut down and employees were laid off. Court records show the hospital had 175 employees, according to the report.

The deal closed Wednesday, but the hospital will not immediately reopen. Texas Health Resources CEO Barclay Berden told the Fort Worth Business Journal that he expects the hospital to be closed between 30 and 45 days to allow Texas Health to receive necessary operating licenses. He said Texas Health will help those who were laid off find other open positions within the system until the facility reopens.

Texas Health Resources paid $116.5 million for the Fort Worth hospital.

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