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Kaleida Posts First Profit in Six Years

Buffalo, NY – Western New York's largest hospital system has reported a profit for the first time in six years.

Kaleida Health posted a $2 million profit on $830 million in revenues for the year 2003.

Kaleida president and CEO William McGuire said the company now hopes to start improving facilities and staffing levels that suffered under a cumulative loss of $125 million over the previous five years.