Free Republic

Gainesville, Florida's first community hospital has been struggling since it was acquired by the Shands Healthcare system in northern Florida twelve years ago. But now the plug is being pulled from the 80-year-old, money-losing Shands AGH because of the recession. Its eight-hospital not-for-profit parent company will close the 220-bed hospital next fall. Patients and staff will be moved to a nearby newer, larger teaching hospital as part of an effort to conserve $65 million over three years throughout the healthcare system. Like many U.S. hospitals, Shands is being hit by higher borrowing costs, tight credit, investment losses and a spike...