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Article: TMC coping with financial setbacks: Hospital has taken difficult steps, and CEO says it's 'rebalancing' so it can keep growing.
- Article from:
- AZ Daily Star
- Article date:
- May 6, 2007
CopyrightCOPYRIGHT 2007 The Arizona Daily Star. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jane Erikson
May 6--TMC Healthcare is scrambling to "rebalance" its finances and reach its goal of being the No. 1 health-care provider on Tucson's East and Southeast sides.
Its April 26 disclosure that it was laying off 100 workers and cutting 50 vacant jobs at TMC was only the most visible sign of change that has rocked TMC Healthcare, the parent organization of Tucson Medical Center, the city's largest hospital.
President and CEO Frank Alvarez acknowledged last week that his financial projections had been faulty. But experts credit Alvarez with taking difficult but necessary steps to ensure that TMC Healthcare has a viable future.
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