Huntingburg — Springs Valley Bank & Trust has received authorization to begin the process of selling the former St. Joseph’s Hospital property for future development.
Huntingburg Mayor Steve Schwinghamer informed the council of the preliminary information at the Tuesday evening council meeting.
The property will allegedly be sold to two different companies, according to Mayor Schwinghamer.
A partnership between two different hospitals through a recently formed limited liability corporation called Dubois Psych Properties LLC plans on purchasing the remaining portion of the hospital and the medical center building on the property. The hospitals remain unidentified, but Mayor Schwinghamer stated once things are more finalized, he will be able to comment publicly.
A private developer that has not been identified will purchase the land on the north and northwest side of the loft for a future housing development.
The hospital closed in 2007 and filed for bankruptcy soon after. It was purchased by St. Joseph LLC — a partnership involving Dr. Ijaz Mahmood and three other doctors — in 2010. Dr. Mahmood bought out the partners and formed Huntingburg Partners, LLC in 2012.
About half of the hospital building was sold and developed as The Lofts at St. Joseph’s, a senior living complex, in 2013. The Lofts subsequently opened in 2016.
The remaining portion of the hospital was renovated and reopened as Crossroads Behavioral Health through a partnership between Huntingburg Partners, LLC, the owner of the remaining portion of St. Joseph’s Hospital, and Assurance Health System of Indianapolis in late 2018.
However, the geriatric psychiatric care unit closed a short time later with no word on whether it would reopen.
Then, Dr. Ijaz Mahmood was indicted for medical fraud and illegal prescription of opioids in a large sweep of medical providers in 11 federal districts. He and his wife, Shazia Imtiaz Mahmood, were the primary officers of Huntingburg Partners LLC.
SVB&T foreclosed on the property and began the court process to receive approval to sell it in July of 2022. That approval was granted last month.
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August 14, 2023 at 09:56PM
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St. Joseph's Hospital property could be sold - Dubois County Free Press
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