The hospital revealed strategies to close after Franklin, Tenn.-based Community Health Systems, which runs the hospital, entered into a settlement and termination arrangement with the Lake Shore Hospital Authority for the prepared closure of Shands Lake Shore on June 30, according to a filing with the Securities and Exchange Commision..
The health center, owned by the Lake Shore Hospital Authority, closed less than 2 months after announcing plans to close down. The hospital had to borrow money to keep operations, and declining patient volume and financial difficulties led to losses that were unsustainable, the healthcare facility stated..
” Theres lots of interest in the structure, so were not really concerned about leasing the building and having a continuation there. The objective, though, is of course to attempt and keep some hospital services,” he said..
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Shands Lake Shore Regional Medical Center in Lake City, Fla., closed Aug. 31, however the regional health center district is exploring choices to resume some medical services at the center, according to TV station WCJB.
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CHS has stopped providing services at the health center, and the healthcare facility authority regains control of the property Oct. 1. Dale Williams, executive director of the Lake Shore Hospital Authority, told WCJB that numerous celebrations have an interest in leasing the hospital, and the district is examining proposals..