HMA announces closure of Southwest Regional.
The move comes after nearly two years of trying to sell the hospital.
Arkansas Business reported in July 2006 that it was selling three hospitals to Shiloh Health Services Inc. of Nevada.
The deal included both Southwest and Summit Medical Center in Van Buren and another hospital in Williamson, W.Va.
By March 2007, however, that deal was terminated when Shiloh failed to come up with the financing to close. At that time, HMA said it would pursue other alternatives.
HMA, which operates 58 hospitals in 15 states with a total of 8,269 licensed beds, said in the discontinued operations section of the filing that the hospital was being closed because of "significant financial losses."
While a shutdown is planned, the filing said the company was also "evaluating various alternatives to divest Southwest Regional Medical Center, but the timing of such divestitures has not yet been determined."
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||HEALTH CARE|
|Date:||May 26, 2008|
|Previous Article:||DAC Technologies discloses first-quarter profit of $41,974.|
|Next Article:||India-based company invests in Safe Foods.|