Forest Park Medical Center San Antonio’s landlord has filed for bankruptcy protection after the hospital stopped paying rent, the San Antonio (Texas) Express-News reported on Saturday. FPMC San Antonio Realty Partners LP, which owns the real estate and building where the hospital operates, filed for chapter 11 on Tuesday in the U.S. Bankruptcy Court in San Antonio. The partnership has already hired commercial real estate firm CBRE to find a buyer for the property, said Todd Furniss, an executive with the landlord’s general partner. The approximately $100 million surgical specialty hospital opened its doors a year ago. It features 54 private patient rooms, 12 operating suites and six intensive care rooms. Read more.
Read more about issues surrounding a hospital bankruptcy in ABI’s Health Care Insolvency Manual, Third Edition.