St. Mark’s Medical Center in La Grange, TX, will shutter Oct. 12 after unsuccessful efforts to satisfy its financial obligations.
The hospital has been paying less than its full mortgage since 2020, but can no longer sustain its $13 million of mortgage debt as revenue sinks and prices rise, per Becker’s.
St. Mark’s cut nearly half its staff and various services in January, and in February, the hospital converted to Rural Emergency Hospital designation to preserve its emergency department services and most outpatient care. Texas’ Health and Human Services Commission recently granted payments of $187,500 per quarter for six quarters to support rural emergency hospitals like St. Mark’s, and the La Grange Economic Development Corporation pledged $500,000 toward capital improvements, but it still was not enough to save the hospital.
