Once a darling in North Texas healthcare, Dallas’ former Walnut Hill Medical Center is in financial trouble again.
Advanced Diagnostics Hospitals & Clinics’s ownership LLC put the the hospital into bankruptcy after buying it less than four years ago. The LLC has $27.2 million in debt and $72.4 million in assets, according to the filing.
The facility is located at 7502 Greenville Avenue in Dallas’ Vickery Meadow neighborhood. It features a 24-hour emergency room, private patient rooms and specialty clinics. The property was valued at $30 million in 2023, according to appraisal district records.
Advanced Diagnostics purchased the eight-story, 200,000-square-foot facility in 2020, through the LLC, and renamed it Advanced Dallas Hospital & Clinics. The hospital had been vacant since 2017, when it closed abruptly after just three years of operation.
Walnut Hill Medical Center opened in 2014 to fanfare; its founders billed it as “the dawn of a new era of healthcare delivery.”
“If the Apple Store opened a hospital it would look like the Walnut Hill Medical Center in Dallas,” Forbes wrote at the time. Cardiologist and former Walnut Hill board member Dr. Rich Guerra said customer experience at the hospital was inspired by the book The Apple Experience: Secrets to Building Insanely Great Customer Loyalty.
The independent, physician-invested hospital was known for providing high-quality care in a luxury setting. From free valet parking for visitors to high thread count sheets to a movie theater, the facility aimed to improve the characteristically drab experience of healthcare.
D Magazine diagnosed the facility’s downfall in a November 2017 piece that concluded Walnut Hill drowned in an environment of healthcare consolidation dominated by local heavy hitters like Baylor Scott & White Health and Texas Health Resources. The hospital “could neither afford its extravagant expenses nor attract the patients it needed to keep its doors open.”
Advanced Diagnostics operates two hospitals in the Houston area and one in Odessa.
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