UMass Memorial reports surplus; smaller hospitals forge ties
The dominant healthcare system in Central Massachusetts posted a surplus for its most recent fiscal year while two other hospitals in the region reached an agreement under which the larger hospital will oversee the smaller one, according to the Worcester Telegram & Gazette.
UMass Memorial Health Care Inc., which controls about two-thirds of the healthcare market in Worcester County, reported a surplus of $55.5 million in its 2008 fiscal year, the T&G story says. It posted a surplus of $93.2 million in 2007, buoyed by investments.
In Southern Worcester County, Harrington Memorial Hospital in Southbridge will supervise day-to-day operations of Hubbard Regional Hospital in Webster under an agreement that takes effect Jan. 1, the T&G reports. Hubbard has 22 beds and Harrington has 113. The move is seen as a first step toward a two-campus healthcare system. The hospitals are separated by 12 miles.
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Elizabeth Cooney is a former
health reporter for the Worcester Telegram & Gazette, where she also was a
business reporter and an editor. Earlier in her career, she edited medical
books and journals at Little, Brown, and worked for Boston magazine.Boston Globe Health and Science staff:
- Gideon Gil, Health and Science Editor
- Ishani Ganguli, Short White Coat blogger
