Ny State's Hospitals Battered by High Borrowing Costs
Long Island Business News (October 07, 2005)
Author: Claude Solnik
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New York State's hospitals, often in poor financial condition, are being plagued by high borrowing costs that make it even more difficult to boost their finances, according to one expert.
Steven Broad, vice president of healthcare for HSBC Bank, said that New York's hospitals are in the worst state financially of any hospitals in the country.Ny State's Hospitals Battered by High Borrowing Costs
He said that because their balance sheets look ...
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