A blow to entertainment industry retirees
The Motion Picture & Television Fund said today that financial problems would force the industry charity to close a hospital and nursing home it operates in Woodland Hills for aging entertainers by year's end.
The fund said it would expand its existing network of community-based care and would relocate about 100 patients to area nursing homes. The fund said 290 workers would lose jobs in the closures.
The decision "reflects some sobering economic realities that are affecting healthcare institutions nationwide," David Tillman, fund chief executive, said in a statement. "With costs skyrocketing and government reimbursement declining, operating our own acute-care and long-term-care facility is draining our resources at an alarming rate."
DreamWorks Animation chief Jeffrey Katzenberg, chairman of the Motion Picture & Television Fund Foundation Board, said the organization had no choice. "Although we are in good shape today," he said, "the acute-care hospital and long-term-care facility are generating operating deficits that could bankrupt MPTF in a very few years."
-- Lisa Girion and Richard Verrier
Photo: The Motion Picture and Television Fund will close some operations in the hospital at their facilities in Woodland Hills. Lawrence Ho, Los Angeles Times.