Hospitals' latest financial results point to the beginning of a slow and sustained recovery Fitch said in an Aug. 12 report.

West Des Moines, Iowa-based UnityPoint Health reported $33.9 million in operating income (2.6% margin) in the second quarter, reversing a $4.2 million operating loss (-0.4% margin) in the same period last year. 

Providence, R.I.-based Lifespan and Lawrence (Mass.) General Hospital have entered into definitive agreements with Dallas-based Steward Health Care to acquire four of Steward's Massachusetts hospitals after Massachusetts Gov. Maura Healey shared that deals had been reached "in principle." 

The University of Rochester (N.Y.) Medical Center has implemented a temporary hiring freeze at some of its hospitals amid ongoing financial headwinds and rising labor costs, a spokesperson for the system confirmed to Becker's.

New York City-based Montefiore Health System reported operating income of $32.3 million (0.8% margin) in the first half of 2024, up from an operating loss of $17.5 million over the same period last year. 

New Hyde Park, N.Y.-based Northwell Health reported operating income of $76.8 million (1.7% margin) in the second quarter of 2024, down from the second quarter of 2023's $169.2 million (4% margin). 

Dallas-based Steward Health Care filed an Aug. 28 notice, obtained by Becker's, to designate Orlando (Fla.) Health as the successful bidder for its northern Florida assets.

Lebanon, N.H.-based Dartmouth Health reported $41.9 million in operating income (1.2% margin) for the fiscal year ending June 30, reversing the $45.3 million operating loss (-1.5% margin) posted in the previous fiscal year. 

New York City-based New-York Presbyterian reported an operating income of $100.6 million (3.8% margin) in the second quarter, a $76.8 million decrease from the $177.5 million operating gain (6.5% margin) for the same period in 2023.

Upland, Pa.-based Crozer Health will cut 30 positions at its Ridley Park, Pa.-based Taylor Hospital due to the 107-bed hospital ending surgical services by Sept. 1, The Philadelphia Business Journal reported Aug. 28. 

Two faith-based, nonprofit health systems are pushing back against Nashville, Tenn.-based HCA Healthcare's expansions in Western North Carolina and Central Virginia, two high-growth areas that are seeing increased competition among providers. 

Pittsburgh-based UPMC posted an operating loss of $313 million (-2.2% margin) in the first half of 2024, down from a $15 million operating income (0.1% margin) reported in the first half of 2023, according to the system's Aug. 29 financial report. 

Over the past 18 months, healthtech investment volume has decreased as investors have endured inflation, elevated interest rates and greater uncertainty, Deloitte said in an Aug. 27 report. 

Los Angeles-based Cedars-Sinai has raised $1 billion in a fundraising campaign to support medical research, clinical care and academic leadership.

Cincinnati-based Bon Secours Mercy Health reported $30.1 million in operating income (0.9% margin), a more than $123 million improvement on the $92.9 million operating loss (-3.1% margin) posted in the second quarter of 2023. 

Dayton, Ohio-based Premier Health saw an operating loss of $13.5 million (-2.2% margin) in the three months ended June 30, 2024, a 45% improvement from a $24.6 million operating loss (-4.3% margin) during the same time period in 2023, according to its Aug. 28 financial report. 

As the status for many of Dallas-based Steward Health Care's 31 hospitals remains uncertain, the for-profit health system has continued to delay facility sale hearings and bid dates after it sought Chapter 11 protection on May 6. 

Falls Church, Va.-based Inova Health System reported an operating income of $170.4 million (5.4% margin) in the first half of 2024, up from an operating income of $97.7 million (3.5% margin) posted over the same period last year, according to its financial report released Aug. 28. 

West Reading, Pa.-based Tower Health's new-look leadership team, organizational structure and culture have helped the health system improve its financial performance by more than $160 million year over year while a debt refinancing deal has secured a longer runway to return to profitability. 

Salt Lake City, Utah-based Intermountain Health was an early adopter of value-based care principles, deploying strategies to boost quality and lower costs. The health system pioneered owning a health plan and driving down pharmaceutical costs with CivicaRx.