31, 2010, BRCH held unrestricted cash and investments totalling $74.
The CEO who was provided by FTI signed on as the full-time CEO of BRCH effective Feb.
The preservation of an investment-grade rating is contingent on BRCH meeting its fiscal 2009 budget and maintaining an adequate liquidity position.
Located in Boca Raton, FL, approximately 20 miles north of Fort Lauderdale, BRCH is a 400-licensed bed acute-care hospital.
Despite recent gains, BRCH has historically operated unprofitably.
The $19,175,000 BRCH Corporation taxable variable-rate demand bonds, series 1999, are not rated.
E[acute accent](The $19,175,000 BRCH
Corporation taxable variable-rate demand bonds, series 1999, are not rated.
In addition, BRCH
enjoys strong community support that is demonstrated by two recent individual gifts of $20 million to support the hospital's new open heart program and cancer center expansion.
operates in a fairly competitive market with five direct competitors located within a ten-mile radius.
Located in Boca Raton, FL; approximately 20 miles north of Fort Lauderdale, BRCH
operates a 394-bed acute care hospital.
In 2000, due largely to bad debt write-offs arising from problems associated with implementation of a new billing system, BRCH
recorded an operating margin of (16.
Moore noted that BRCH
already had McKessonHBOC's STAR 2000 financial systems that were meeting the organization's needs on the business side of the house but faced increasingly complex IT needs.