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Baptist Health South Florida loses $25 million as investments struggle

South Florida Business Journal, May 21, 2009

Baptist Health South Florida could not climb out of the red in its fiscal second quarter ended March 31 as its investment losses wiped out its operating income, according to a report to bondholders. The Miami-based Baptist lost $24.8 million on operating revenue of $530.2 million in its second quarter. That's improved from a loss of $26.8 million on operating revenues of $470.2 million in the same quarter of 2008.