Cadence Health formed in April 2011 through a merger between Central DuPage Hospital in Winfield and Delnor Hospital in Geneva, Ill. In the fiscal year ended June 30, 2012, the health system posted $1.07 billion in revenue, a 12.7 percent spike from $951.5 million in pro forma revenue between the two hospitals in 2011.
Cadence Health’s operating income also increased 32 percent, from $81.9 million in 2011 to $108.2 million this year, according to the report.
More Articles on Health System Finance:
Dignity Health Profits Crash 86% in FY 2012
UPMC’s Net Income Falls 70% in FY 2012
Vanguard Health Systems Posts $19.3M Profit in 4Q
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
