Temple Community Hospital in Los Angeles closed its doors, citing low revenue, increasing costs of maintaining its aging building and the large pending expense of retrofitting the hospital to meet state earthquake safety requirements, according to an article on the Los Angeles Times website.
The hospital faced an estimated $50 million expense to meet earthquake safety requirements. According to the article, it spent years negotiating for extensions to make the improvements.
"The seismic upgrading requirements contributed to our analysis of the long-term financial sustainability of the hospital, but was only one of many factors that led to our decision," Mark Apodaca, the hospital's assistant administrator, said in the article.
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