The Jerusalem District Court on Tuesday, 11 Adar I 5774 granted the 90-day stay of proceedings for Hadassah. Hadassah administrators are instructed to use the time period to draft the medical center�s recovery plan.

In addition, the government is giving Hadassah a 50 million NIS grant and Hadassah Women in the USA is adding an additional 50 million NIS.

What is now clear as a result of the hearing is that most of the hospital�s 1.3 billion NIS debt, 917 million NIS to be exact, is owed to hospital employees.

Employees seem to be calming down somewhat in light of the court�s ruling and the limited aid from Hadassah Women and the government, and it is now about cutting and downsizing to see if the nation�s major medical center and teaching hospital is prepared to take the necessary belt-tightening steps to remain solvent.

(YWN � Israel Desk, Jerusalem)