"For profit" hospitals also look to the community for taxpayer assistance, regardless of the 14 million dollar profit made last year. BD
FORT PIERCE — Lawnwood Regional Medical Center & Heart Institute's profit leaped 73 percent last year, raising questions anew about why the hospital needs an annual $7 million stipend from St. Lucie County taxpayers to build a trauma facility.
But Lawnwood Regional officials say they've already invested the hospital's $14.4 million profit in renovating and expanding its emergency department and upgrading other areas of the hospital.
Lawnwood Regional's 2006 profit was the highest of any of the 10 HCA or Tenet Healthcare Corp. hospitals in Palm Beach County and the Treasure Coast, according to audited financial statements from the Florida Agency for Health Care Administration.