SalemNews.com, Salem, MA

Business

September 19, 2012

North Shore Medical loses $14 million

(Continued)

“It’s a very tricky time for hospitals and physicians,” he said.

Norton said he does not anticipate any layoffs or cuts in services as a result of the operating losses, and he gave assurances that North Shore Medical Center will be around for a long time.

“People should rest easy that Salem Hospital and North Shore Medical Center have been here for 100 years and are going to be here another 100 years,” he said.

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Staff writer Paul Leighton can be reached at 978-338-2675 or pleighton@salemnews.com.

Hospital surplus or loss (fiscal year 2011) Lahey Clinic $65,091,473 surplus @tab_RuleBelow: Northeast Hospital Corp. $7,125,496 surplus North Shore Medical Center $14,131,000 loss @boxText_Source: Source: Division of Health Care Finance and Policy

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