A Palm Beach Story - Untold

   
 St. Mary's  Good Samaritan

  It’s been a bit more than a decade since a gaggle of nuns joined a pride of Palm Beach powerbrokers in a righteous crusade to close St. Mary’s Medical Center – the county’s historic health care epicenter for low income residents.
  The 460 bed hospital, the bizarre Palm Beach alliance claimed, was financially terminal and hemorrhaging huge losses due to its overwhelming load of charity patients.
  The solution proposed by the nuns and powerbrokers?
  Merge St. Mary’s with its fiscally ailing sister hospital Good Samaritan – and sell off the giant Catholic hospital’s facilities and 100 acres.
   However…
   Thanks to the intervention of then Florida Attorney General Bob Butterworth, St. Mary’s and Good Samaritan remained open.
   So now…
                       Palm Beach Hospital Trends
                             Surplus and/or (Loss)

                               2000                     2010
Good Samaritan   ($29,189,348)        $2,169,366
St Mary’s               ($42,745,000)        $12,609,946
                                Tax Exempt          After Taxes
Total                      ($71,934,348)        $14,779,312

Bethesda                $9,566,037            $15,721,1555
Boca Raton            ($30,354,070)        $6,192,814
Columbia               ($1,562,622)         ($6,311,740)
Delray                      $20,513,359         $13,386,914
Glades/Lakeside    ($2,024,255)         ($3,661,940)
JFK                            $2,133,385           $3,253,179
Jupiter                      $1,423,338           $8,577,343
Plam Bch Gardens   $14,559,160         $4,191,123
Palms West              $9,852,345           $14,821,755
Wellington               $328,939              ($13,397,078)

 NOTE: Frank Nask, the North Broward Hospital District’s current CEO, was CFO at Good Samaritan and St. Mary’s when the two hospitals were plunged into a near-terminal financial crisis.    

 

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