Four things to know:
1. Revenue increased 12% year over year to $3.49 billion while expenses grew by 10.9% to $3.45 billion, according to financial documents published Nov. 27. In the fiscal fourth quarter, the three months ending Sept. 30, 2024, revenue increased 6.4% year over year to $848.3 million and expenses rose 10.8% to $875.1 million.
2. Brown Health’s net income in FY 2024 was $148.7 million, up from $37.1 million in FY 2023. Net income for the three months ending Sept. 30, 2024, was $14.8 million, compared to a net loss of $7.5 million during the same quarter in 2023.
3. As of Sept. 30, 2024, the health system’s long-term debt stood at $700 million, compared to $391.2 million a year earlier.
4. Brown Health on Oct. 1 acquired Taunton, Mass.-based Morton Hospital and Fall River, Mass.-based St. Anne’s Hospital. The hospitals were previously owned by Dallas-based Steward Health Care.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
