Altamonte Springs, Fla.-based AdventHealth recorded operating income of $916.2 million (13.4% operating margin) during the second quarter of 2026, up from $657.4 million (11.7% margin) during the same period last year.
Five things to know:
1. AdventHealth reported $6.9 billion in total operating revenue for the three months ended June 30, up from $5.6 billion during the same period last year. Net patient service revenue totaled $6.5 billion, up from $5.3 billion.
2. Total operating expenses were $5.9 billion in the second quarter of 2026, up from $4.9 billion during the same period last year. Employee compensation totaled $3 billion, up from $2.6 billion. Supply expenses totaled $1 billion, up from $859.2 million.
3. CMS approved an expansion of Florida’s Medicaid state-directed payment program during the second quarter, covering the period from October 2024 through September 2025. That approval allowed AdventHealth to recognize $511.3 million of incremental revenue and $315.5 million of related expenses attributable to prior periods, a net benefit of $195.8 million booked in the second quarter.
4. On Aug. 5, AdventHealth signed a definitive agreement with Salt Lake City-based Intermountain Health to form a joint venture combining AdventHealth’s five Denver-area hospitals with three Intermountain hospitals, with AdventHealth holding the controlling interest; the deal is expected to close in early 2027.
5. AdventHealth reported net income of $1.5 billion in the second quarter of 2026, up from $784.1 million during the same period last year.
