A group of Chinese physicians plans to reopen the shuttered Los Angeles-based Pacific Alliance Medical Center as an outpatient clinic, the Los Angeles Times reports.
Here are five insights:
1. Allied Pacific, AHMC Healthcare and Network Medical Management bought the property in Los Angeles's Chinatown for $33 million.
2. The outpatient facility will include an urgent care, a surgery center, a radiology department, a lab and rooms for several medical specialties.
3. Renovations are expected to be complete by the end of the year. The ownership group aims to restore services at the facility within three to six months, providing it can obtain the required licenses.
4. Before closing in December 2017, Pacific Alliance Medical Center reported significant operating losses, settled a federal lawsuit for $42 million and faced a state-required seismic renovation estimated to cost about $100 million. The closing triggered about a dozen medical providers in the surrounding neighborhood to also close.
5. More than 2,000 older Asian-Americans live in Chinatown. Many depended on Pacific Alliance Medical Center, which was the only hospital in the area.