At the time of the bankruptcy filing, the hospital had been struggling financially for years. In 2014, its monthly losses before interest, depreciation and amortization averaged 12 percent. Although the hospital has reduced those losses to 2 percent, its cash position was still deteriorating late last year. But now the hospital is out of bankruptcy, investing in its infrastructure and keping its doors open, reports NJ Advance Media.
Specifically, the hospital in recent months has invested several million dollars in multiple upgrades, including a new 19-single bed unit, a revamped lobby, a new meditation area, renovations to the emergency room waiting area and cafeteria, and a new laboratory information system, according to the article.
The report also notes that East Orange also opened a new center for obesity-related diseases, staffed by about 10 new employees, and will continue to expand in the future.
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