Clutha Health First's annual financial report reveals
surpluses, but they are less than those for the previous
Clutha Health First is run by two parent companies which
reported surpluses. Clutha Health Inc, which owns and manages
the hospital buildings in Balclutha, reported an operating
surplus of $284,759 for the year ending June 30, 2011, down
slightly on the previous year's surplus of $288,363.
The hospital operator, Clutha Community Health Company Ltd,
banked an operating surplus of $12,650, down from a surplus
of $264,565 last year.
Community Health chairman Brian Dodds said the small surplus
was "satisfactory" given the company had faced some "one-off"
costs, including requirements for locum GPs and medical
officers for part of the year and reductions in income from
From July 1 last year, Balclutha General Practitioners Ltd
was amalgamated into Clutha Community Health Company Ltd to
encourage better integration.
Clutha Health First bought the GP practice in January 2008.
The Clutha hospital serves 17,000, with patients coming from
as far away as Lawrence, Tuapeka and Tapanui.
Clutha Health First chief executive Ray Anton said the
hospital was positioning itself as a sustainable health
service for its community.
Mr Anton said the hospital's $2.6 million upgrade was largely
funded by reserves built up over the years and is expected to
be completed by May 2013.
Clutha Health Incorporated's annual meeting is at Rosebank
Lodge at 7.30pm today.