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San Pablo: Cash-strapped Doctors Medical Center could face closure within a year
The Mercury News

Fiscal matters have reached a crisis stage again for Doctors Medical Center, and employees and union leaders implored the hospital’s board of directors Wednesday evening to find a way to preserve services and keep the doors open. The hospital, which was saved from bankruptcy in 2006, has a projected $10 million deficit for 2013 and is running out of reserves to keep operating, according to interim CEO Dawn Gideon. Although revenue from reimbursements rose, Doctors had a $1.2 million deficit in January and $16.4 million cash on hand, enough for 45 days of operations, according to a financial report presented at the meeting.

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