US EditionHamilton hospitals relying on lines of credit amid budget crisis - Ontario Health Coalition
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Hamilton hospitals relying on lines of credit amid budget crisis - Ontario Health Coalition
(April 9, 2025) By: Joanna Frketich, The Hamilton Spectator Hamilton’s largest hospital network is short about $40 million and has been using commercial operating lines of credit. It is the fourth year in a row Hamilton Health Sciences (HHS) has had a projected deficit on its roughly $1.6-billion budget at the end of the fiscal year on March 31. “Like most Ontario hospitals, Hamilton Health Sciences is facing a rising demand for care and higher …
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