Health Care Industry
Industry: Email Alert RSS FeedLOSSES MOUNTING AT CALIF. SYSTEM.
Modern Healthcare, November, 1998 by Rauber, Chris
Mercy Healthcare Sacramento, Catholic Healthcare West's seven-hospital system based in California's capital, has lost nearly $18 million on operations this year and has been losing money to the tune of $2.5 million a month since June, the system said.
Mercy Healthcare controls about one-third of the highly competitive Sacramento metropolitan market. The rest is split between Kaiser Permanente, Sutter Health and the University of California Davis Health System.
Mercy's flagship hospital is Mercy General Hospital, with 405 staffed beds, in Sacramento.
Some of Mercy Healthcare's operational losses have been balanced by investment and other nonoperational income. In the fiscal year ended June 30, Mercy Healthcare managed to scratch out a $1.9...
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