Allina’s revenues grew less than 1 percent year over year to $1.06 billion in the first quarter of 2019. Higher expenses offset the health system’s revenue growth. Allina reported operating expenses of $1.08 billion in the first quarter of 2019, up 2.7 percent from the same period a year earlier.
Allina ended the first quarter of 2019 with an operating loss of $17.2 million. In the first quarter of 2018, Allina posted operating income of $9.4 million.
After factoring in nonoperating items, including a $108.8 million investment gain, Allina’s net income climbed to $81.7 million in the first quarter of 2019. In the same period of 2018, Allina recorded a $7.1 million investment loss and net income of $9.7 million.
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