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UHealth

A decade after the University of Miami purchased a 560-bed hospital across the street from its medical school campus in downtown Miami, UM is struggling to turn a profit at the facility as operating expenses skyrocket and patient admissions dwindle.

A recent Securities and Exchange Commission filing for UM shows that the university lost $94.5 million operating the hospital during the year that ended May 31. That’s more than double the $45 million UM lost on the hospital during the prior year.