South Carolina-based Providence Hospitals to lay off 30

The State, October 21, 2008

Columbia, SC-based Sisters of Charity Providence Hospitals will lay off about 30 employees as it seeks to hold off projected losses of $1 million this year and $7 million next year, officials announced. Providence is licensed for 304 beds and employs 1,900 people at two locations. The hospital posted a surplus last year of almost $6 million, but cuts in federal reimbursement, decreases in patient overnight stays, and an ongoing legal challenge from Lexington Medical Center has cut into the hospital's revenue and prevented it from attracting new business through improvement of its facilities and equipment.


MOST POPULAR

SPONSORED REPORTS
SPONSORED HEADLINES

SIGN UP

FREE e-Newsletters Join the Council Subscribe to HL magazine

SPONSORSHIP & ADVERTISING

100 Winners Circle Suite 300
Brentwood, TN 37027

800-727-5257

About | Advertise | Terms of Use | Privacy Policy | Reprints/Permissions | Contact
© HealthLeaders Media 2014 a division of BLR All rights reserved.