Finance
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Miami Beach's Mount Sinai expects operating losses to double

Miami Herald, December 3, 2008

Miami Beach-based Mount Sinai Medical Center is telling investors of its junk-rated bonds that it expects an operating loss of $18.5 million this year—twice as much as 2007. In addition, the hospital now projects an even greater loss next year—$19.7 million, according to hospital documents. In its third-quarter report, the hospital attributed most of the deepening losses to the hospital's shift toward employing more physicians, a move which accounted for 61% of the losses through the third quarter.