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More hospitals may face closure

Northjersey.com, November 19, 2010

Two reports this week say that New Jersey residents should brace for more hospital closings.

"Hospital closures and job cuts aren't welcome news for any community, but they're a necessary reality for New Jersey hospitals," said Betsy Ryan, president of the New Jersey Hospital Association. State hospitals last year reversed 2008's economic tailspin, but the outlook is still very uncertain, the group said Thursday in its 33rd annual report.

Separately, Moody's Investors Service predicted "more hospital closures, payment defaults or bankruptcy filings over the next several years."

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