Volatility in the financial markets was a major contributor to Minneapolis-based Allina Health's profit dropping 55 percent in fiscal year 2014.
The system's total revenue for FY 2014 was up 5.3 percent from FY 2013, increasing from $3.4 billion to $3.6 billion. Total expenses in FY 2014 were up too, growing to $3.5 billion from $3.2 billion in 2013.
The system wrapped up 2014 with $145.9 million operating surplus, a 9.4 percent increase over FY 2013.
After factoring in a loss of $42.8 million on interest rate swap agreements, Allina ended fiscal 2014 with net income of $146.9 million, down from $326.4 million the year prior.
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