Justina Sawyer was born at Lakes Region General Hospital, as was her son, Colton, who was born on Friday. Now, the Laconia hospital finds itself with more space than it needs and more debt than it wants. Significant debtChief Executive Officer Kevin W. Donovan said the hospital has close to twice the average debt of like-sized institutions. The U.S. Department of Housing and Urban Development insures $117 million of that debt and demands adequate financial performance to ensure repayment. Last April, LRGHealthcare, reported a $1.8 million operating loss in 2016, an improvement over the prior year loss of $11.3 million.

Source: Daily Sun February 21, 2018 05:26 UTC