Like Many Ontario Hospitals, HSN Borrows to Keep Operating

Like many Ontario hospitals, HSN borrows to keep operating

Ontario hospitals, forced to borrow privately to keep the lights on, owed banks more than $70 million on operating borrowings by the end of fiscal year 2025-26, according to hospital financial statements.

Ontario hospitals owed private banks $70 million last year — and one wasn't sure it could even keep operating

Ontario hospitals, forced to borrow privately in order to keep the lights on, owed banks more than $70 million on operating borrowings by the end of fiscal year 2025-26, according to hospital financial statements. With 80 of the 129 Ontario hospital networks posting operating deficits last year, at least $1.45 million in public health-care dollars went to bank interest payments from just eight hospital networks, the Investigative Journalism Bure…

Ontario hospitals owed private banks $70 million last year — and one wasn’t sure it could even keep operating

Ontario hospitals, forced to borrow privately in order to keep the lights on, owed banks more than $70 million in operating loans by the end of fiscal year 2025-26, according to hospital financial statements. With 80 of the 129 Ontario hospital networks posting operating deficits last year, at least $1.45 million in public health-care dollars […]