|
"Our property taxes have gone up every year because San Carlos needs revenue. But Sutter/PAMF's proposed hospital wouldn't pay any property taxes, even though its owner, Sutter Health, earns millions in profit every year. Why build a new mega hospital that will give nothing back to the community? There is not even a need for a new hospital -- Sequoia Hospital is right down the road and not being used to it capacity." |
 |
| What is Sutter/PAMF? |
| Who We Are |
| Neighbors Speak Out |
| Take Action |
| Latest News |
| Upcoming Events |
| Press |
| Contact Us |
| Home |
|
The Palo Alto Medical Foundation (Sutter/PAMF) is comprised of several medical groups with multiple offices on the Peninsula and within Does Sutter/PAMF give back to the community? Sacramento-based Sutter Health, which has more than $6 billion in assets and 42,000 employees, earned $1.3 billion over the past three years. Although Sutter legally is a "non-profit" corporation, the company is composed of dozens of for-profit and non-profit subsidiaries, including: 26 hospitals, numerous clinics, insurance companies, home health agencies and a medical equipment company. Like its corporate parent, Sutter/PAMF makes massive profits while enjoying tax exempt, non-profit status. For example, Sutter/PAMF earned net patient revenues of $642.1 million in 2005 yet contributed less than 10% of that amount for community benefits. |