It is not that uncommon for physican-owned hospitals to go bankrupt.
“Doctors may be good medical practitioners, but not always so good as business people,” one physician, who has been practicing over 30 years, said.
Such is the case for the Hospital at Westlake Medical Center, a physician-owned hospital in Westlake Hills, Texas.
Known as one of the “Top Ten Snobbiest Places to Live” in America, mainly because the cost of living in Westlake Hills is 101.60% higher than the average cost of living in the United States, their hospital is filing for Chapter 11 bankruptcy protection.
Located just five miles west of ultra-liberal Austin, the four square mile city is the home of many millionaires.
Austin, led by a progressive city council with a George Soros-funded mayor and county district attorney, has fallen victim to higher crime rates (they significantly defunded their police force), uncontrolled homelessness, illegal immigration, and cost of living increases.
The hospital had significant debt before the COVID-19 pandemic, and the pandemic only exacerbated the situation, according to a Sept. 8 Westlake Medical Center news release. The hospital will continue all its operations during the bankruptcy proceedings, according to the news release.
The hospital said that it has been burdened by both labor and supply inflation.
“At the heart of our hospital’s restructuring is our unwavering commitment to upholding the highest standards of excellence in patient care,” Mark Shen, MD, CEO of The Hospital at Westlake, said in the release.
“Like many of our industry peers, we’ve battled immense challenges since the onset of the pandemic, which have only magnified the struggles businesses across every industry grapple with, including our own.”
“Facing the stark reality of our financial standing and the unrelenting pressures impacting our industry, we’re taking every measure possible to secure the future of our hospital.”
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IN GOD WE TRUST
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CINDY LEAL MASSEY, TEXAS AUTHOR
Clever Journeys 
The left has been targeting our capitol city for years. They have managed to infiltrate the mayor and city council with Soros money. Passing ludicrous laws. Defunding the police allowing crime and drug use to go unpunished. Governor Abbott should intervene and hit them with some state defunding. Start relieving some of these Communist DA’s from their office like Desantis!
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Absolutely! We could certainly start with that action. If it works, find. If it doesn’t there are less civilize ways.
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Excellent Idea
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