In Chicago, and now they are trying to give it away...BD
A money-losing hospital in a blue-collar Illinois suburb is closing because the nonprofit group that runs it couldn’t find a buyer at any price, the Chicago Tribune reports.
The St. Francis Hospital & Health Center in Blue Island has lost $40 million since 2000, and the red ink is flowing faster all the time. Half the people who go to the hospital’s emergency room and a quarter of all those admitted to the hospital are either uninsured or covered by Medicaid, which makes it tough for a hospital to turn a profit.
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