Finance
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Atlanta-based Grady Memorial Hospital makes profit

Atlanta Journal-Constitution, May 10, 2010

Officials for Atlanta-based Grady Memorial Hospital say the once-struggling medical center is actually making a profit. Grady CEO Michael Young told the Atlanta Journal-Constitution that a recent audit for 2009 showed the hospital about $34 million in the black. Young noted that about $25 million of that resulted from one-time infusions of cash and some accounting procedures that do not represent real cash on hand. But Grady's profitability has raised concerns among hospital officials that some outside sources of funding may reduce their assistance.