The 49-hospital system, which operates across nine states, reported a decline of almost $1.2 billion in its investment return for the year compared with a $524.9 million gain in 2021. Operating income was profitable at a total of $283.8 million, but it was down from $994.6 million in 2021 as expenses increased 11 percent.
For the three months ending Dec. 31, there were signs of improvement as the system reported an operating gain of $269.3 million and an overall profit of $489.4 million.
AdventHealth and Chicago-based CommonSpirit said in February they would end their Centura Health joint venture, with AdventHealth continuing to operate and manage its five Colorado hospitals and affiliated clinics from the venture.
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