Medical Center at Lancaster (Texas) is expected to transfer its remaining patients today and close its doors because of financial problems, a spokesman for the 79-bed hospital said.
The hospital did not have the leverage to negotiate managed-care rates that other providers in the Dallas-Fort Worth area have been able to get, spokesman Joe Poulos said. Also, since for-profit Merit Health Systems, Louisville, Ky., bought the hospital in 2004, a shuttered hospital nearby has re-opened, Poulos said.
Merit is not disclosing any financial details about the hospitals performance, Poulos said. The hospital recorded a net loss of $7.5 million on net revenue of $35.9 million in 2006, according to the American Hospital Directory. Merit operates three other hospitals, one each in Illinois, New Jersey and Texas. -- by Vince Galloro
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