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San Diego Hospice auction scheduled for April 30

San Diego Hospice & Palliative Care Corp. will sell its unused 24-bed hospice facility for $10.7 million to Scripps Health unless a better bid turns up at an April 30 auction.

Under sale procedures approved last week by the U.S. Bankruptcy Court in San Diego, competing bidders must make a $300,000 deposit by April 26. A hearing to approve the sale will begin immediately after the auction.

The not-for-profit provider of home health-care services filed for Chapter 11 reorganization on Feb. 4 in San Diego after the patient census fell by half and a Medicare investigation cut off reimbursement.

San Diego Hospice is transferring the 450 patients to Scripps, a not-for-profit San Diego health-care provider. Scripps will provide a $5 million loan to continue operations until the patients can be transferred. A hearing to approve financing is set for March 14.

The case is In re San Diego Hospice & Palliative Care Corp., 13-bk-01179, U.S. Bankruptcy Court, Southern District of California (San Diego).


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