Thread regarding University of Massachusetts Boston layoffs

UMass Memorial Health Care will post a $57 million operating loss for the 2013 fiscal year, which hospital officials say will necessitate...

UMass Memorial Health Care will post a $57 million operating loss for the 2013 fiscal year, which hospital officials say will necessitate another round of layoffs, service reductions and cost cutting at the region's largest health care provider.

A UMass Memorial Medical Center memo sent to employees today reported that the nonprofit hospital system will record its first operating loss in eight years for the 12-month period that ended Sept. 30.

However, UMMHC will post an approximate $75 million surplus, when investment income and revenue from the sale of two units is accounted for, according to hospital spokesman Robert Brogna.

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