Beleaguered Specialty Hospitals of America LLC filed for bankruptcy protection on Wednesday with a plan to sell its Washington, D.C., health care facilities to hedge fund Silver Point Capital, the Wall Street Journal reported yesterday. Silver Point's proposed purchase of Boston-based Specialty's long-term acute care hospitals via an auction process supervised by the bankruptcy court marks the culmination of weeks of uncertainty about the fate of the company's hospitals and nursing homes. The deal will enable Specialty's two long-term acute-care hospitals in Washington, D.C.'s Capitol Hill and Southwest sections, as well as its two nursing homes, to continue to serve more than 300 patients.
