Silver Point Capital to Buy Two DC Hospitals

WASHINGTON, DC—Specialty Hospitals of America LLC reports it will file for Chapter 11 bankruptcy protection and then sell both its Capitol Hill and Hadley long-term acute care hospitals here.

Greenwich, CT-based Silver Point Capital has agreed to acquire Specialty’s Capitol Hill and Hadley campuses for an undisclosed price. Silver Point will provide Specialty subsidiary Specialty Hospital of Washington $15 million to continue operations as the bankruptcy supervised sale of its assets proceeds, according to the Washington Business Journal. A bankruptcy court hearing is scheduled for today. The Capitol Hill campus is located at 700 Constitution Ave. provides 60 beds for extended stay critical care patients and 120 nursing center beds. The Hadley campus at 4601 Martin Luther King Jr. Avenue S.W. provides 82 extended stay critical care beds and 60 nursing center beds