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October 26, 2008


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Charles Haines


I agree, and it looks like it could be a very cold winter.

In my conversations with Hospital CEO’s a few have expressed their concern over another area of financial duress; recent and significant losses in their pension funds, often in the millions of dollars. Not only can they not stroke a check to cover the difference, they are finding that their traditional credit facilities have dried up or are currently not receptive to helping them cover the gap. This unfortunately is just another point of bleeding for hospitals already on life support.

Charles Haines
Managing Partner
Allen Adell Executive Search & Consulting

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