Advocate Aurora, which has dual headquarters in Downers Grove, Ill., and Milwaukee, reported revenue of $13.1 billion in 2020, up from $12.8 billion a year earlier. To help offset lost revenue and expenses tied to the COVID-19 pandemic, the health system received $786.7 million in grants in 2020 made available through the Coronavirus Aid, Relief and Economic Security Act.
Advocate Aurora posted operating income of $212.97 million last year, down 56 percent from $481.1 million in 2019.
After factoring in nonoperating items, the health system ended 2020 with net income of $558 million, down from $1.5 billion a year earlier. The decrease was primarily attributed to lower investment yields and additional operating expenses tied to the COVID-19 pandemic.
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