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Credit crunch is hard on California hospitals

Sacramento Bee, November 13, 2008

California hospitals are not immune to the credit crisis, according to financial advisors who note that the more a hospital pays to its bond investors, the less money it has left for patient care, new equipment, and other programs. The market for tax-exempt hospital bonds has seen significant changes in recent months, as the credit crisis has made it more expensive for health facilities to borrow money.