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Budget problems put Florida teaching hospital on hold

South Florida Sun-Sentinel, July 1, 2008
Boca Raton (FL) Community Hospital has indefinitely shelved its plans to build a teaching hospital in partnership with two universities after another tough financial year that saw $40 million in operating losses. The announcement coincided with the end of the hospital's fiscal year. Hospital officials said they were forced to write down about $50 million in expenses related to the development of the teaching hospital, but they hope to recover a large chunk of that by selling an 80-acre property bought in anticipation of the project.