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Struggling Boca Raton, FL, hospital to tap foundation
Miami Herald, December 11, 2008
Boca Raton (FL) Community Hospital's fundraising foundation is being drained this fiscal year to keep the hospital afloat. The hospital plans to tap more than $124 million from its foundation by July 2009, roughly 73% of its total assets to help the hospital pay its soaring debts.
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