History
“St Philip’s Hospital is a former 100-bedded capacity hospital located in Santa Venera, Malta. It has been closed since 2012.
The private hospital closed its doors in 2012 after running into financial problems. According to the last set of accounts filed with the Registry of Companies for 2006, the company running it reported a loss of more than €500,000. It was subsequently put up for sale.
In October 2012, the government attempted to acquire St Philip’s Hospital for €850,000 a year for eight years on lease. It was planned to be used as a rehabilitation facility to ease the bed shortage at Mater Dei Hospital. The Government also negotiated an option to buy the hospital for €12.4 million from the third year onwards. However, the deal fell through when the Government pulled out from the deal.”
Source: https://en.wikipedia.org/wiki/St_Philip%27s_Hospital
