Sunday, December 5, 2021
76 F
Fort Worth

Struggling Iowa hospital explores for-profit status with Plano company

🕐 1 min read

MARSHALLTOWN, Iowa (AP) — Marshalltown’s struggling hospital is talking to a Texas company about becoming a for-profit hospital.

Central Iowa Healthcare officials announced Tuesday that they will be negotiating with LHP Hospital Group Inc., of Plano, Texas, along with officials from Mary Greeley Medical Center of Ames, which would be part of the joint venture.

The Marshalltown hospital has been operating as a nonprofit charity, exempt from most taxes.

The system operates the 49-bed Marshalltown hospital as well as clinics in Marshalltown, Conrad, State Center and Toledo. Public reports show the system lost $3.8 million in 2013 and $1.8 million in 2014. System CEO John Hughes says the 2015 report also will show a loss.

Hughes says the system has been too small to take advantage of economies of scale.

Related Articles

970x250_DM_Leasing

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate