Owners of hospital set for closing file for bankruptcy

[TexasTowelie]

MELROSE PARK, ILL. -- The owner of a suburban Chicago hospital whose attempt to close the facility because of a lack of patients was halted by a court order has declared bankruptcy.

Westlake Hospital in Melrose Park filed Tuesday for Chapter 7 bankruptcy liquidation in U.S. Bankruptcy Court in Delaware. Owner Pipeline Health listed Westlake assets of $1 million to $10 million and liabilities of $10 million to $50 million.

Pipeline Health requested a trustee be appointed to oversee the hospital, which has 225 beds. The company says it is losing nearly $3 million a month and no buyer has emerged for the facility that is about 80% empty.

CEO Jim Edwards says if the trustee chooses to close Westlake, current patients will be transferred to one of the nearby hospitals.

Read more: https://www.macon.com/news/business/article233590872.html

[The Polack MSgt]

1. This can't be true...

The unfettered market is always the most efficient means to deliver goods and services... Fat white guys on TV tell me this all the time!

Meanwhile, in the real world - Suburban Chicago is over served and the rest of the state is sucking hind tit as far as access to health care is concerned