The hospital lost $120 million in the fiscal year ended June 30 and has seen declines in patient admissions, according to the South Florida Business Journal.
In addition to a poor economy, Boca Raton’s struggles are magnified by a failed investment of $50 million to build a teaching hospital at Florida Atlantic University and a struggling new $73 million cancer center, according to The Palm Beach Post.
Read the South Florida Business Journal’s report on Boca Raton Community Hospital’s layoffs.
Read The Palm Beach Post’s report on the layoffs and Boca Raton Community Hospital’s financial struggles.
