White Rock Medical Center near Poppy Drive and N. Buckner Boulevard. Photo by Renee Umsted.
Pipeline Health, a hospital operator that owns White Rock Medical Center, expects to emerge from Chapter 11 in coming weeks, according to a press release.
The United States Bankruptcy Court for the Southern District of Texas confirmed the California-based company’s Chapter 11 plan, according to the release.
Pipeline sought Chapter 11 protection in October, citing industry-wide challenges worsened by the COVID-19 pandemic. Health care services at Pipeline’s hospitals have continued throughout the process.
As part of the restructuring process, Pipeline sold two Chicago hospitals, evaluated vendor contracts, developed a business plan to help balance the budget and made financial agreements with stakeholders who want to support the company in the future.
Top leadership of the company will be “stepping away” in coming weeks, the press release states.
Bob Allen, Pipeline’s CFO, will become CEO. Current CEO Andrei Soran, COO Joe Badalian, chief human resources officer Traci Bowen and chief medical officer Dr. Bob Frank will all be leaving to pursue other opportunities.
Pipeline bought the 218-bed hospital, then known as Baylor Scott & White Medical Center – White Rock, from Baylor Scott & White Health in 2018. After the purchase, the hospital was called City Hospital at White Rock, and it rebranded to White Rock Medical Center in 2022.
Last July, White Rock Medical Center opened a primary care clinic at Mockingbird Commons at E. Mockingbird Lane and Abrams Road. The clinic closed Dec. 30, and the primary care services moved to the main campus on Poppy Drive at N. Buckner Boulevard.
Baylor Scott & White Health owned the hospital for less than two years, and before then, the facility was known as Doctors Hospital at White Rock Lake.
With the sale of the two Chicago hospitals, Pipeline Health now owns five hospitals — the one in East Dallas and four in the Los Angeles area.
