Debt can be
used for making investments to grow a business; some hospital systems use debt to grow their organizations. Just when you thought your communications with the Board had clarified everything,
some of the board members have begun to argue that carrying debt would be bad for the system. Based on the concepts examined in Bordonaro
(2012), explain – for the Board’s review — how much debt is too much debt. Bordonaro, G., (2012). Hospitals using debt for growth. Hartford Business
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