Surfus
May 23, 2007, 06:18 AM
Hospital funding on thin ice
Community Medical Centers may owe $54m if Fresno Co. backs out of deal.
By Tracy Correa / The Fresno Bee
<!--/STORYHEADLINE--> <!--STORYBODY--> 05/23/07 04:53:38
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<!-- no poll to display --> <!-- no related content to display --> <!-- no related content to display --> <!-- END /pubsys/assets/common/related_content.comp --> Fresno County may back out of a critical financing deal with Community Medical Centers -- a move that would cost the nonprofit hospital system $54 million in state and federal funds.If the deal unravels, Community may have to repay about $18 million it already received last year and would lose out on $36 million over the next two years.
More Fresnobee (http://www.fresnobee.com/263/story/49363.html)
Community Medical Centers may owe $54m if Fresno Co. backs out of deal.
By Tracy Correa / The Fresno Bee
<!--/STORYHEADLINE--> <!--STORYBODY--> 05/23/07 04:53:38
<!-- START /pubsys/assets/common/related_content.comp --> <!-- no related content to display --> <!-- no related content to display --> <!-- no gallery to display --> <!-- no PDFs to display --> <!-- no related content to display -->
<!-- no poll to display --> <!-- no related content to display --> <!-- no related content to display --> <!-- END /pubsys/assets/common/related_content.comp --> Fresno County may back out of a critical financing deal with Community Medical Centers -- a move that would cost the nonprofit hospital system $54 million in state and federal funds.If the deal unravels, Community may have to repay about $18 million it already received last year and would lose out on $36 million over the next two years.
More Fresnobee (http://www.fresnobee.com/263/story/49363.html)