Tufts Medical Center reports $15.4M operating loss

Tufts Medical Center in Boston reported a $15.4 million operating loss in the fiscal year that ended Sept. 30, down from an $8.6 million operating surplus the year prior, according to the Boston Globe.

Tufts President and CEO Michael Wagner, MD, attributed the loss to one-time expenses, such as more than $1 million the hospital spent to train staff and buy supplies to prepare for possible Ebola cases. The hospital also spent millions on consulting and legal fees for a deal with Boston Medical Center, which fell through.

The hospital saw total revenue increase to $915.1 million in 2015, up from $908.7 million the year prior.

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