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El Camino forecasts profit by fiscal year's end

Original post made on Sep 23, 2010

Although El Camino Hospital is off to a rocky start this fiscal year -- and while the hospital's Mountain View campus is projected to be in the red by the end of next June -- officials expect revenue generated by the Los Gatos campus will more than make up for the shortfalls and put the organization as a whole in the black by mid-2011.

Read the full story here Web Link posted Thursday, September 23, 2010, 11:04 AM

Comments (4)

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Posted by ECH
a resident of Waverly Park
on Sep 23, 2010 at 6:03 pm

Is this "loss" in MV due only to depreciation of the new building?

If they have $281M in cash on hand (even after spending tens of millions on the Los Gatos location) then why did we need a bond measure to build the new hospital building?

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Posted by James Bondsman
a resident of Cuesta Park
on Sep 24, 2010 at 2:36 pm

The projected profit is off the backs of the soon to be unemployed workers most of who don't make anywhere near $1M annually that the management just kicked out the door and the cuts in benefits for the remaining workers.

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Posted by Tom
a resident of Monta Loma
on Sep 24, 2010 at 10:31 pm

Profit already? Then what was the purpose of laying off all those people?!?!?

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Posted by bydanumbers
a resident of Sylvan Park
on Oct 19, 2010 at 4:03 pm

There will have to be more reductions after the first of the year.

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