Allina Health swings to operating gain in Q2

Alia Paavola - Print  | 

Minneapolis-based Allina Health saw its revenue, operating income and net income grow in the second quarter of 2021, according to recently released financial documents

The 11-hospital system recorded revenue of $1.2 billion in the quarter ending June 30, compared to $927 million recorded in the same quarter last year. 

After factoring in expenses, Allina Health recorded an operating income of $71.6 million in the second quarter of this year. Last year, Allina Health had an operating loss of $84.9 million.

Nonoperating gains for Allina Health totaled $107.7 million in the three months ending June 30, down from the $156.2 million recorded in the same quarter last year. 

The health system ended the quarter with a net income of $169.5 million. In the same quarter in 2020, Allina Health had a net income of $67.3 million.

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