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Financial turnaround for Providence Hospitals |
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Wednesday, 30 April 2008 |
COLUMBIA -- Sisters of Charity Providence Hospitals in Columbia said Tuesday it posted a profit last year — its first since 2004 — completing a two-year turnaround under the leadership of Sister Judith Ann Karam. Providence finished 2007 with a $5.7 million profit versus a loss of $1.4 million a year ago and a $2.4 million loss in 2005, just before Karam took over at Providence. The turnaround was accomplished by improving financial operations, controlling costs and making staffing adjustments.
Read more at The (Columbia) State...
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