Bluewater Health gets post-construction funding boost, expects small yearly surplus by end of March

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Members of Bluewater Health board of directors heard of a dramatic change in the organization's current financial picture, largely the result of the Ministry of Health and Long-term care's funding of the Post Construction Operating Plan as well as remaining costs related to maintaining the Mitton Street site.

The news, delivered at the board's monthly meeting Dec. 15, means Bluewater Health had a $20,000 surplus at the end of October, versus a $1.25 million deficit a month earlier.

The board was also told it could expect to see a surplus of $105,000 by the end of its fiscal year, which ends March 31, 2011.

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