Israel to Rescue Cash-Strapped Hadassah Still Ailing From Madoff
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Israel’s finance minister pledged to bail out Hadassah Medical Center, which has filed for bankruptcy amid allegations of mismanagement that hobbled its recovery from the loss of millions to Bernard Madoff.
The hospital, which operates two facilities in Jerusalem, has amassed a deficit of 1.25 billion shekels ($360 million), Health Minister Yael German said yesterday. Many of its doctors and nurses have been on strike since last week over unpaid salaries, and most non-emergency procedures have been canceled.