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Bucks County Courier Times - February 3, 2010

Media Outlet: 

Bucks County Courier Times



On the surface, hospitals appear recession-proof — after all, people always need medical care. In reality, they're more often in a money pit that only gets deeper in bad economic times, experts say. Most financially distressed hospitals — such as Lower Bucks Hospital, which filed for Chapter 11 protection last month — are sold or closed, rather than endure the bankruptcy process. "Most of the time it's delaying the inevitable," said Tom Getzen, a professor at Temple’s Fox School of Business.