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Endangered – Metropolitan Hospital – Miami, Florida

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MetropolitanMetropolitan Hospital in Miami has been closed for renovation after being acquired by a Tampa based real estate investment trust that wants to reposition it as an international medical center. Working in conjunction with non-profit Miami Children’s Hospital, the facility will remain closed for at least a year as it is renovated and rebranded as Miami International Medical Center.

The newly revamped hospital will now focus on adult surgical specialties and women’s and children’s services, including a birthing unit. Upon reopening, MIMC will not provide pediatric care except for the neonatal intensive care unit. Any newborns in need of advanced care will be transferred to Miami Children’s Hospital. In addition, MIMC will not include an emergency department.

On April 2, an application was filed by the new owners, Kansas-based Neuterra, to place the hospital on inactive status following the purchase. The company then closed the hospital’s emergency room on March 31 and put its license on hold as of May 1. It has an option to extend its inactive status for another 12 months while construction takes place on the 52-year-old facility.

Metropolitan last changed ownership and names in 2007, when a Puerto Rico hospital chain bought the facility, which was then called Pan American Hospital, out of bankruptcy court for $34 million. According to AHCA, Metropolitan Hospital lost $2.8 million on net operating revenue of $39.1 million in 2012. The losses were the result of bad patient debt and a bed occupancy rate of only 42.5 percent. At the time of its closing, Metropolitan had 288 physicians on staff, and 450 full-time workers.

Photo credit: www.yellowpages.com

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Posted: October 24, 2014

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Category: All, Endangered, Florida

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