Downfall
"Henry Ford Health System said last week it will close its Riverside Osteopathic Hospital, Trenton, Mich., by Dec. 31, citing the departure of its medical staff and a projected $21 million loss over the past four years.
In July the health system merged the hospital with 305-bed Henry Ford Wyandotte (Mich.) Hospital, intending to turn the osteopathic facility into an ambulatory and emergency-care center. The departure of 100 Riverside Osteopathic physicians to a competitor doomed the plan, Wyandotte Riverside President and CEO Jim Sexton said.
Earlier this year, a proposed merger between Riverside Osteopathic and 72-bed Oakwood Southshore Medical Center in Trenton also collapsed. The hospital has been operating only six acute-care beds since July. Officials hope to sell the facility once it's closed, Sexton said."
Source: Michigan State University
Read more about this topic: Riverside Osteopathic Hospital
Famous quotes containing the word downfall:
“Show me one thing here on earth which has begun well and not ended badly. The proudest palpitations are engulfed in a sewer, where they cease throbbing, as though having reached their natural term: this downfall constitutes the heart’s drama and the negative meaning of history.”
—E.M. Cioran (b. 1911)
“Children demand that their heroes should be fleckless, and easily believe them so: perhaps a first discovery to the contrary is less revolutionary shock to a passionate child than the threatened downfall of habitual beliefs which makes the world seem to totter for us in maturer life.”
—George Eliot [Mary Ann (or Marian)