Pacific Alliance Medical Center, the oldest hospital in Los Angeles, has closed due to earthquake standards, laying off all 638 employees, according to an article on the Healthcare Finance New website
The hospital would have had to invest $100 million in its 150-year-old building to come into compliance with California's seismic standards.
The hospital needed to retrofit its building, but said it did not own the land on which the facility sits and was unable to buy the real estate from the owner.
It could not make a $100 million investment in a hospital on land it did not own, the report said.
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