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Sitka (AK) hospital to request loan from city

By The Washington Times  
   December 23, 2014

Sitka Community Hospital administrators are seeking $1.5 million from the city in a nine-month line of credit to address a cash flow emergency. Administrators are planning to go before the city Assembly on Tuesday to make a formal request, the Daily Sitka Sentinel reported. "We have zero days' cash on hand," hospital CEO Jeff Comer said. "The perfect storm has hit, and we're getting into cash crisis mode, which is why we're going to the Assembly." City administrator Mark Gorman said the financial help would not be an outright grant.

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