VTDigger
Brattleboro Memorial Hospital, seeking to recover from a multimillion-dollar budget deficit, announced Monday that a local businessman has offered a $4 million infusion.
Willy Buhlmann, who emigrated from Switzerland in 1970 to found and recently sell his Swiss Precision Turning machine shop, is donating the money to the southeastern Vermont healthcare hub’s depleted investment account, the hospital reported.
“I’m glad I made Brattleboro my home, and I wanted to give something back,” Buhlmann said in a statement. “The hospital is important to this community, and I wanted to do something meaningful to help ensure that people can continue to receive care.”
The Windham County facility, operating on a $130 million annual budget, has forecast a $7.1 million deficit for the 2027 fiscal year that began Oct. 1. That would follow a $33.6 million operating loss for the fiscal years 2017 through 2025, and an estimated $9.5 million shortfall for the 2026 fiscal year that ended Sept. 30, it reported in a state filing.
The hospital has blamed recent deficit spending on past administrative and accounting problems. To cover the losses, it has tapped reserves of cash, investments and unrestricted assets that collectively have dropped from $53.3 million in FY 2021 to a projected $19.7 million for FY 2027, the state filing shows.
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