Posted on 03/02/2011 9:52:45 PM PST by SmithL
Former Planned Parenthood affiliate Golden Gate Community Health has abruptly shuttered all its Bay Area clinics, including the Marin County site at Fourth and H streets in San Rafael.
In September the organization lost the right to use the Planned Parenthood name after experiencing significant financial problems. Documents filed with the Internal Revenue Service reveal it broke even in 2005-06, but ended 2008-09 with a $2.8 million deficit.
"If we are able to raise $800,000 by this week's end we can fully reopen all of our sites again on Monday including our San Rafael location, which provides safety net reproductive health care and is the only abortion provider in Marin County," President and CEO Therese Wilson said in an e-mail. "If we fail to raise the necessary funding, the organization will be forced to file Chapter 11.
"We all are working incredibly hard to avoid closure but as we have discussed in the past, the large inherited debt and overall financial mismanagement of the organization from previous management has placed a great burden on our current operational cash flow."
She noted that Golden Gate's management team has worked hard in recent months to cut expenses, reducing operating costs by 33 percent and saving more than $600,000 a month.
In a statement, the organization partially attributed the closure to "delays in state patient reimbursements and diminished donor support."
On Monday, Golden Gate shut down its San Rafael, San Mateo and Oakland locations without notice. . . .
(Excerpt) Read more at marinij.com ...
Just couldn’t find a tear to shed over this one.
“delays in state patient reimbursements and diminished donor support.”
__________________________________________________________________________________________________________________________________________________________________
Much as I’d like to give credit to a higher power it looks like a deadbeat California gov’t and the sh!tty economy have the most to do with it.
I guess it varies greatly from state to state just how much the state would reimburse for abortions (if anything) but no doubt CA is cutting back on sponsorship of their holy sacrament. I suppose well-to-do liberals can’t afford to tithe so much to their holy shrines either.
Praise God. Here’s praying for all the abortion clinics in this country experience bankruptcy and that they never open for business ever again.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.