While Avera’s obligated group consisting of some of its main hospitals reported an operating income of $15.7 million for the period, other divisions, such as its insurance arms, dragged the consolidated operations figures down, contributing to the overall loss.
Overall revenues for Avera totaled $1.43 billion for the six-month period. Long-term debt at the end of the year totaled approximately $616 million.
Avera Health comes in at No. 22 of the largest health systems in the country, operating 37 hospitals as of late January.
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