State-of-the-art hospital collides with state-of-admissions drop-off
It was not supposed to happen this way. With great fanfare, executives at Jordan Hospital in Plymouth, MA two years ago cut the ribbon on a 91,000-square-foot, $40 million pavilion. That's right about the time that admissions started falling. This year, admissions are down 9% and the hospital is expected to post a loss. Their bonds have been downgraded to junk status, with a warning of possible further downgrades.