BJC HealthCare Doubles Profit in 2012

In fiscal year 2012, St. Louis-based BJC HealthCare posted $362.1 million in profit — a 129 percent increase from the $158 million profit it recorded in FY 2011, according to the system's audited financial statements.

The major gains resulted mostly due to high investment returns. The 13-hospital system recorded $365.7 million in investment earnings last year, which was more than six times its investment earnings in FY 2011.

BJC HealthCare's revenue rose 6.2 percent year-over-year, from $3.63 billion to $3.85 billion. At the end of year, the health system also recorded more than $4.3 billion in net assets and $88.2 million in cash and cash equivalents.

More Articles on Hospital Finance:

Capella Healthcare's Yearly Losses Exceed $14M Again
Sutter Health's Net Income Spikes 16% in 2012
Mayo Clinic's Earnings Drop 35% in FY 2012

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