Have $13 to spare? You could’ve bought a hospital

John Gregory | | Health Exec | Economics

The shuttered Mineral Area Regional Medical Center in Farmington, Missouri, was sold for just $13, according to the St. Louis Post-Dispatch.

The 127-bed facility has been closed since January 2016, nine months after it was purchased by St. Louis-based BJC Healthcare. Its closure left only one hospital available in the 66,000-person county.

The buyer is nursing home operator Sharo Shirshekan. His $13 purchase price seemed to be just a token figure, as his attorney said he picked it because “considers the number 13 to be lucky.” He’ll have to pay a lot more to clean up the facility which BJC said may contain “significant amounts of absestos, mold and other potentially hazardous materials.” Shirshekan plans to transform it into a 48-bed inpatient mental health facility.

Read the full article at the link below:

BJC sold former Mineral Area Regional Medical Center for $13

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John Gregory, Senior Writer

John joined TriMed in 2016, focusing on healthcare policy and regulation. After graduating from Columbia College Chicago, he worked at FM News Chicago and Rivet News Radio, and worked on the state government and politics beat for the Illinois Radio Network. Outside of work, you may find him adding to his never-ending graphic novel collection.

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