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Recession afflicting Minneapolis-area hospitals

Minneapolis Star-Tribune, December 8, 2008

Hospitals in the Minneapolis-St. Paul area have experienced the nation's recession firsthand in falling patient numbers and rising bad debt. A freeze-up in the nation's financial markets has compounded their woes. Several hospitals, operating on razor-thin margins, have seen interest rates on their debt soar in the last six months even as millions of dollars evaporated from their investment portfolios.