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South Florida hospitals show signs of distress

Miami Herald, June 25, 2009

The past year has been brutal for South Florida hospitals, and this year is likely to be worse. The Baptist Health system suffered a $71.7 million loss in its 2008 fiscal year. Miami Children's lost $72 million. Holy Cross lost $25 million, and Mercy $34.8 million. All four of these suffered serious losses in their investment portfolios, but others are beginning to feel the effects of the recession as their number of uninsured patients grows.