Bay Area Medical Bankruptcy Bad News for National REIT
On Thursday, Bay Area Regional Medical Center will close its doors for good, just shy of five years after opening them.
Despite Bay Area Regional investing $200 million in the 9-story, 375,000-square-foot acute-care hospital over the past five years during construction and operation, last week the healthcare system announced the closure and bankruptcy of the hospital serving southeast Houston. Patient move-outs in the 191-bed facility began immediately…
