Hollywood retirement community losing hospital

Hollywood’s retirement community in Los Angeles is closing its hospital by the end of the year and lay off a third of its staff to avoid bankruptcy.

The Motion Picture & Television Fund said Wednesday it is phasing out an acute-care hospital and long-term care facility at its Wasserman Campus in Woodland Hills to cut operating losses. In 2006, the MPTF closed a critical-care unit at the hospital, also over money issues.

“Although we are in good shape today, the acute-care hospital and long-term care facility are generating operating deficits that could bankrupt MPTF in a very few years,” said Jeffrey Katzenberg, board chairman at the MPTF Foundation, which oversees fundraising.

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