Like many Ontario hospitals, HSN borrows to keep operating
Ontario hospitals, forced to borrow privately to keep the lights on, owed banks more than $70 million on operating borrowings by the end of fiscal year 2025-26, according to hospital financial statements.With 80 of the 129 Ontario hospital networks posting operating deficits last year, at least $1.45 million in public health-care dollars went to bank interest payments from just eight hospital networks, the Investigative Journalism Bureau found.Niagara Health, for instance, paid about $549,000 i