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Judge denies request to keep Pennsylvania hospital open

Business Week, February 1, 2010

An Allegheny County (PA) judge ruled that the University of Pittsburgh Medical Center had the right to close UPMC Braddock as scheduled on Jan. 31, under a 2007 bond agreement with Bank of New York Mellon approved by a county authority. UPMC announced plans in October to close the hospital about five miles east of Pittsburgh, saying it lost $27 million in the last six years, and was projected to lose $50 million more in the next six.