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ST. ANTHONY’S HOSPITAL CLOSES, FILES BANKRUPTCY

Aldine’s local hospital, with a troubled history, has closed its doors once more. Filings with the bankruptcy court indicated that the small, neighborhood hospital was ordered closed by the bankruptcy judge Marvin Isgur on August 12th. The owners, an investment group known as Little York Hospital of Houston, aka as LTMH Houston, reported assets of $1.5 million, and liabilities of about $27 million.

Creditors include First National Bank of Edinburg, the IRS, and the state of Texas Workforce Commission.

The hospital has had many names and owners over the years. Most recently it was Renaissance Hospital, prior to St. Anthony’s. The investment group also owned hospitals in Grand Prairie and Groves, Texas that also had financial difficulties.

It has been known since last year that St. Anthony’s has had trouble meeting payroll and paying its bills. CEO Jason Leday issued a statement in January, saying that the problem stemmed from another company, Novitas Solutions, being too slow to reimburse the hospital for Medicare claims. Novitas has said it follows federal guidelines, and is not at fault.

The hospital had 39 acute beds, and employed 44 full-time and 30 part-time employees.

It is not expected to reopen, and the bankruptcy trustee plans to sell assets and equipment from the building.

St. Anthony’s had filed for bankruptcy protection in July, and was unable to find new financing or a new buyer, according to the hospital.