Oct 29, 2019 | Expert Insights
Nine of the 11 hospitals that closed in the first half of 2019 cited bankruptcy and financial challenges, leaving bankers’ and creditors’ hands full. Asset disposition has become a crucial step in maximizing creditor returns on medical equipment. BidMed has worked...
Aug 26, 2019 | Expert Insights
2019’s high hospital closure rate is an alarming trend for America’s healthcare system. Twenty-seven states have seen over 100 of their hospitals close since 2010 and the numbers are not slowing down. Now more than ever it’s important to leverage...
Jul 2, 2019 | Expert Insights, Featured Projects
Private Dallas medical center Walnut Hill closed abruptly on June 2, 2017, three years after opening its doors. A trustee was assigned to oversee the closure and hired BidMed with a three-week deadline. In 23 days, BidMed organized the sale and removal of over 90% of...
Jun 27, 2019 | Expert Insights
The oldest hospital in California — the only one serving the diverse population of Chinatown — now gone. The local hospital that the community counted on just … closed. In as effort to make up for the loss, the building will be repurposed as a recreation center....
Jan 18, 2017 | Expert Insights, Recent News
Innovation in Healthcare Asset Disposition BidMed President Joanne Frogge talks with eHealth Radio about our company’s innovation in the healthcare industry. Listen to Joanne and Eric Michaels discuss: a brief background of the industry and why BidMed was...
Mar 27, 2015 | Expert Insights, Featured Projects
The wall in one of the hallways in the old St. Joseph hospital in downtown Denver reads like a condolence card. Here St. Joseph’s employees have scribbled thoughts, in Sharpie pen. Rowell Bulson, who is one of the army of workers helping to decommission the...
