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JohnGalt writes:

"Both hospitals are cash-strapped..."

Compared to Covenant, every entity in Knoxville except Pilot Corp is cash strapped, but I don't believe UT Health Systems (or whatever in the hell their name is) is in dangerous or "strapped" balance sheet position.

Mercy's local balance sheet is in trouble. (Of course, the Pope can always fix that, I suppose.)

Covenant is not in financial trouble, although their cash position has dropped significantly from June 30 '09 to June 30 '10.

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