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Published on FierceHealthFinance (http://www.fiercehealthfinance.com)

ALSO NOTED: Investment losses put UPMC in the red; Shriners St. Louis fires financial official over "irregularities"; and much

By admin
Created May 14 2008 - 6:59am

> It was bad financial news for the usually-profitable University of Pittsburgh Medical Center, which lost $7 million for the first nine months of fiscal 2008 after suffering steep losses on its investment portfolio.

> St. Louis-based Shriners Hospital for Children has fired a financial official over unnamed "financial irregularities" and turned the matter over to authorities.


> Johnston Memorial Hospital of Smithfield, NC has secured a $137 million government-backed loan to finance a planned expansion and build a new medical center.


> The new owners of financially-struggling St. Francis Hospital & Health Center are facing a tough challenge in turning the beleaguered non-profit around.


And Finally...  Nice thinking, buddy. Maybe you shouldn't have inhaled before you came to court.


Source URL:
http://www.fiercehealthfinance.com/story/also-noted-investment-losses-put-upmc-in-the-red-shriners-st.-louis-fires-f/2008-05-14