Allina’s total revenue similarly climbed 4.3 percent, to $3.42 billion, giving the 12-hospital health system a 3.9 percent operating margin for the year — the same as FY 2012.
Overall profit, including investments, soared 63 percent to $326.5 million. Much of the increased income came from contributions received from two acquisitions: Last June, Allina acquired Courage Center, a rehabilitation center in Minneapolis. In September, the system bought the remaining 75 percent of its joint venture in Hastings, Minn.-based Regina Medical Center, becoming the sole owner.
Allina is attempting to add another hospital to its ranks, as well. Last November, the system and District One Hospital in Faribault, Minn., signed a letter of intent to discuss an affiliation.
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