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JewishJournal.com

December 22, 2011

Report: Hadassah Medical Center can’t meet payments

http://www.jewishjournal.com/business/article/report_hadassah_medical_center_cant_meet_payments_20111222

The Hadassah Medical Center has not been able to pay its suppliers, an Israeli business daily has reported.

Hadassah’s debt to its suppliers is reportedly about $2.65 million, according to the Calcalist, a publication of Yediot Achronot.

The Hadassah Medical Center does not receive any Israeli government support, as it is owned by Hadassah, the Women’s Zionist Organization of America.

The Hadassah organization lost about $90 million in the Madoff Ponzi scheme. Following the Madoff affair, Hadassah cut its annual support to the hospital, according to Yediot Achronot.

Hadassah told Ynet that “unlike other hospitals, Hadassah does not receive any budgeting from the government or the State health system. This is a temporary setback in a minor portion of the payments due to the fact that Hadassah has not received all of its due payments from various parties.”

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