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Miami-based Jackson Health System stays afloat by delaying bills

Miami Herald, March 18, 2010

Dozens of suppliers to Miami-based Jackson Health System are owed more than $17 million in bills that are more than 90 days old, according to documents released to the Miami Herald under a public records request. For Jackson, it signals a dire financial situation that could instantly trigger a new governing board under several proposals the Miami-Dade County Commission is expected to consider, the Herald reports. For the past year, Jackson's money managers have kept the troubled system afloat by delaying payments to vendors.