Staff and patients of Toowong Private Hospital have been advised the embattled mental health facility will close in two weeks.
Administrators EY were recently called in to determine the future of the family-run hospital, and held a creditors meeting on Monday.
It is understood EY has decided to close the hospital, one of the few private mental health facilities in Brisbane. An announcement is expected later today.
Comments has been sought from the hospital and EY.
The 58-bed hospital on Milton Road was founded by influential Brisbane builder and philanthropist Noel Austin Kratzmann, who chaired the facility until his death in 1989.
Its closure comes after national private hospital group Healthscope was this week placed into receivership.