Tuesday, August 6, 2019 || By Local News Curator || @maywoodnews
Crain’s has reported that Westlake Hospital, 1225 W. Lake St. in Melrose Park, filed for Chapter 7 bankruptcy today, according to its owner, Pipeline Health.
In a statement, Crain’s reports, Pipeline said “the 230-bed hospital has consistently been 80 percent empty in recent months and has been losing almost $3 million a month ‘in the face of declining local, state and federal health care funding, along with cost-cutting pressure from private payers.'”
Westlake reportedly asked that a Chapter 7 trustee allow it to “continue to operate the hospital for short period of time, subject to further extension in the trustee’s business judgment.”
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