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London Hospitals Forced To Cut Millions From Budgets, St. Joseph's Dips Into Reserves
The London Health Sciences Centre and St. Joseph's Hospital say they've had to dig deep to find budget savings for 2015-2016. In announcements released just minutes apart Tuesday afternoon, the hospitals said they'd shaved millions of dollars from their financial road maps in order to balance their books. LHSC said it had to cut $26 million from its $1.1 billion budget while St. Joseph's needed to trim $11.9 million from its $413 million budget. In order to accomplish the task, officials...
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