CHICAGO — A Humboldt Park hospital that was the subject of a federal probe has abruptly closed for business, according to reports.
In April, four doctors and two executives were arrested following a raid of the hospital over what authorities called an extensive Medicare and Medicaid kickback scheme.
About $2 million worth of Medicare reimbursement payments were seized in the raid.
Executives of Alvarez & Marsal, the restructuring firm enlisted to run the hospital, gathered Sacred Heart's employees Monday morning to announce the closure, Crain's reported. A handful of the patients would be transferred to other hospitals, attendees told Crain's.
The decision came after Medicare decided to suspend payments to the hospital, the hospital's attorney told Crain's.