All three SMC entities show a profit
March 24, 2017
The Share Medical Center, Share Convalescent Home and The Homestead all had small profits resulting from February business. Kevin O'Brien, chief financial officer, said this is the first time all three entities have made a profit in the same month.
The best news is the recovery of the bank accounts. At the end of September, SMC had only $74,399 in the bank. Expense reduction efforts were again implemented, along with an increase in winter illnesses, and by the end of February, the facilities had $447,907 in the bank.
This good news means things are headed in the right direction, but no small h...
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