Officials: Grady Memorial Hospital in stable condition

Atlanta-based Grady Memorial Hospital, on the verge of financial collapse about two years ago, has reached financial stability and improved patient care, hospital officials said. Two years ago, the hospital owed medical supply companies $40 million, owed Emory and Morehouse medical schools $60 million, and the Joint Commission had just inspected the hospital for medical care and issued a critical report that endangered its accreditation. Now, hospital officials tell the Atlanta Journal-Constitution that a turnaround has occurred.