Hadley Memorial Hospital, which has been treating residents in Ward 8 since it was built in 1952 by Seventh-day Adventist medical missionary Henry Hadley, has been sold to Metropolitan Health Associates of the District for $9.2 million, hospital officials announced yesterday.
"We are extremely excited about this," said Earnest A. Green, president of Metropolitan Health Associates. "We have been working on this for many months. "This is one of the goals -- to acquire a hospital -- that we have had for many years, and that is what we have done."
Green, who has almost 20 years of experience in the management of health and human service companies and projects, said that his company plans to maintain the same level of medical care and if possible improve services at Hadley, an 81-bed facility on Martin Luther King Jr. Avenue SW, which has an emergency department and does outpatient surgery.
Tamara Russell, spokeswoman for the Adventist Health System/NEMA Mid-Atlantic Corp., said that her company sold Hadley Hospital "because it was operating in debt." She said that operating losses and the cost of a recent renovation had pushed Hadley's debt to $20 million.
The purchase of the hospital from the Adventist Health System/NEMA Mid-Atlantic Corp. must be approved by the D.C. State Health Planning and Development Agency. That approval is expected by late fall, hospital officials said.
Until then, Hadley will be run by its current management team, officials said. They said that Adventist Health System/NEMA Mid-Atlantic plans to retain all current hospital employees during the transition.