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Boston Medical Center's finances take turn for worse

Boston Globe, July 13, 2009

Boston Medical Center is bracing for dramatic financial losses, which some fear will force it to slash programs and jeopardize care for thousands of poverty-stricken families. The hospital projects that it will lose $175 million in the fiscal year starting Oct. 1, an 18% operating loss that is unusually large even in Massachusetts' up-and-down hospital industry. The hospital estimates that it will close this year $38 million in the red, its first loss in five years.