On the second day of TheWrap’s investigation into the closure of the Motion Picture and Television Fund hospital and long-term care, the fund announced it would hold a press conference on Wednesday to address “concerns about the recently announced closure of its hospital and acute care facilities,” according to a news release. “ Also discussed will be "inaccuracies being reported about the closure,” the release added.

Among those participating in the telephone news conference are Jeffrey Katzenberg, chairman of the MPTF Foundation, Frank Mancuso, chairman of the corporate board and Dr. David Tillman, president and CEO of the MPTF.

The sudden news conference comes on the heels of TheWrap’s publication of a two-part series investigating the finances of the non-profit institution published on Monday and Tuesday of this week.

The investigation shows that contrary to public statements, the Fund’s tax returns and an independent audit do not show a pattern of $10 million shortfalls over the past few years.

The MPTF declined numerous requests by TheWrap to explain public statements that are inconsistent with their public documents.

The Fund announced the closure of its hospital and long-term care facility in January, resulting in the lay-offs of one third of the facility’s total staff and the displacement of 100 elderly and sick residents. Many residents are reportedly despondent, their families say, and several have died since the announcement.