Cone Health System is shutting down amid budget woes

The Cone health system is shutting its doors following a funding shortfall.

Cone Health is the only ConeHealth network in the US.

Creex Health, which is run by Cone Healthcare, is the sole provider of ConeCare, which covers about 40,000 residents of Dallas-Fort Worth, Texas.

In a statement released on Friday, Cone said it was shutting down because of the need to meet its full staffing needs, as well as to make investments to improve the quality of care.

“While we will continue to operate as a provider of services, our business is under pressure and we have to make tough decisions to survive,” Cone CEO John Bittner said in the statement.

“We believe our commitment to our community and our members will continue, but the need for immediate financial resources must now be addressed.”

The announcement came days after the Dallas County Board of Supervisors approved a budget for the 2018-19 fiscal year that included $1.8 million for Cone, according to local media reports.

The Cone network includes more than 1,200 health facilities across the US, including more than 2,500 in Dallas, Dallas-Ft Worth, Dallas, Fort Worth and Plano, Texas, according the company.

Coon is the second Cone healthcare system to be shut down.

The largest health system in the state, CPO Health, announced it would close its doors on June 30, 2017.

Cisco Systems, the largest US wireless company, said it would shut down its Dallas network on July 1, 2017, following the closure of its Fort Worth-area facilities in late 2017.

The Dallas County Health and Human Services Department is also seeking help from the Federal Communications Commission and other federal agencies, and the Texas Health and Safety Commission.