The AP News
The Athens Banner-Herald
May 10, 2010
ATLANTA — The CEO of Atlanta's Grady Memorial Hospital says a recent audit shows the hospital has made a financial turnaround.
CEO Michael Young told The Atlanta Journal-Constitution that a recent audit for 2009 showed the hospital to be millions of dollars in the black.
Young noted that about $25 million of the reported $34 million surplus resulted from one-time infusions of cash and accounting procedures that do not represent cash on hand, but added that the audit by KPMG showed the hospital brought in about $10 million more than it spent.
The hospital reported a $50 million operating deficit two years ago.
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