Despite COVID-19, Many Wealthy Hospitals Had A Great Year With The Federal Bailout

Widawsky added that in early March Langone canceled trips, froze hiring, paused construction and halted discretionary buying. “The first three days of March, we blocked spending,” he mentioned. “If they wanted to buy a pencil, they had to call me.” Langone closed its fiscal year in August with $ 208 million in net income, and posted a surplus of $ 136 million in the final quarter of 2020, down 5.5 percent. Earlier this year, two credit bureaus improved their outlook on Langone from stable to positive.

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