The Calgary St. Joseph’s Hospital in Alberta has filed for Chapter 11 bankruptcy protection and is being restructured as it seeks to restructure its operations and balance its books.
It is the second hospital to file for bankruptcy protection in the province and the third since 2016.
The hospital is currently under receivership and it is currently seeking approval from the Alberta government to pursue bankruptcy protection, according to the Alberta Securities Commission.
The bankruptcy filing came as part of a restructuring that was completed earlier this month that includes closing the St. Mary’s Nursing Home and adding $1.3 million to its operating budget.
“St. Joseph Hospital is seeking to achieve a long-term objective for the financial future of its business, which includes achieving long-standing financial health,” the filing said.
“As part of that process, St. Joe Hospital has entered into various arrangements and agreements to acquire and manage assets, including certain office buildings and offices, and the related businesses, for its long-time creditors.”
The filing is the latest twist in the saga of the St.-Josephs.
In July, a judge ordered the hospital to cease operations.
Josephs announced in February that it would close the facility.
In a letter to the city, St-Joseph’s said the closure was necessary to improve its finances and prepare for a reorganization.
The new owners, the Alberta Hospital Association, had requested the hospital’s closure.
The city of Edmonton had previously rejected the hospital in March, citing the need to ensure “that the St Josephs facility is accessible to all Albertans” as well as to address a staffing crisis.
St. John’s Hospital, located in Edmonton’s east end, was a recipient of the largest infusion of public dollars in the country in 2014, according the Alberta Health Service.
It has been the only publicly-funded hospital in the city to close.