Laniado Hospital In The Red

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The Laniado Hospital in Netanya founded by the Sanz-Klausenberg Rebbe has fallen on hard times not because of mismanagement, the government decided, but simply because it is providing a public service with insufficient government reimbursement for rising costs. This problem is prevalent in all of Israel’s private hospitals. Laniado was $60 million in the red at the end of last year with an annual deficit for that year of $13 million.

“The problem at Laniado, as with all public, non-government hospitals, is that unfortunately you have to bail them out every few years, like we did for Hadassah,” Health Minister Yaakov Litzman of UTJ told TheMarker financial magazine.

As with Yerushalayim’s giant Hadassah Hospital, which recently reached the verge of bankruptcy, Laniado is to be nursed back to health with a government recovery plan.

David Steger – Matzav.com Israel

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