St. Josephs Hospital, Huntingburg, Ind., a 25-bed standalone critical-access hospital, shut down after transferring its last patients to other facilities. St. Josephs, a one-time Catholic hospital located about 40 miles northeast of Evansville, Ind., defaulted on a $2 million loan from Brim Healthcare, which had managed the hospital for two years. Brim President Dave Woodland said the hospital wasnt able to extricate itself from large debts that consumed its cash flow and also had some physician-related troubles, including at least one doctor called away to serve several stints in Iraq, which further reduced admissions. Woodland said St. Josephs had been in default for some time but was in purchase talks with 129-bed Memorial Hospital and Health Care Center, Jasper, Ind. Memorial ended those talks Jan. 15 by refusing to buy the hospital. Brim declared St. Josephs in default, called for full repayment and assumed control of accounts receivables. St. Josephs, which was built in 1969 and only recently converted to critical-access status, recorded a net loss of $404,000 on net patient revenue of $17.2 million in the fiscal year ended Sept. 30, 2005, according to the American Hospital Directory, an online database. -- by Mark Taylor
Ind. critical-access hospital closes
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