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Ontario hospitals owed private banks $70 million last year — and one wasn’t sure it could even keep operating

Niagara Health, for instance, paid about $549,000 in interest on operating loans, said the organization’s spokesperson, Erica Bajer. The Huron Perth Healthcare Alliance in southwestern Ontario paid $346,000 in interest on its operating borrowings, according to spokesperson Gerry Rucchin. CEO Andrew Williams said the institution continues “to focus on minimizing debt servicing costs wherever possible” while focusing on patient care.

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