Anne Arundel County's two hospitals lost more than $36 million in the last fiscal year, a figure that administrators at both facilities attribute to stock market fluctuations.

During fiscal 2009, Anne Arundel Medical Center lost $28.2 million, while Baltimore Washington Medical Center suffered a loss of $7.9 million, according to financial officers at both hospitals.

Hospital administrators submitted these figures to the state Health Services Cost Review Commission, which sets hospital rates and reviews their financial performance.

These figures are unaudited, and the organization will publish its annual report on...