Cadence merger gives Northwestern Memorial Healthcare's margins a boost

Chicago-based Northwestern Memorial Healthcare posted a 7.1 percent operating margin for the first quarter of its fiscal 2015, up from a 6.7 percent margin in the same period of fiscal 2014.

Northwestern Memorial Healthcare closed its merger with Winfield, Ill.-based Cadence Health in September 2014. Under the agreement, Northwestern Medicine, a fully integrated health system, was expanded to include four hospitals.

With the addition of Cadence's assets, Northwestern reported a $1.78 billion gain on its balance sheet for the first quarter of fiscal 2015.

According to the combined balance sheet, Northwestern posted a $66.3 million operating surplus on total revenue of $937.8 million in the first quarter of fiscal 2015 compared to the $41.3 million operating surplus it posted on $616 million in revenue for the first quarter of fiscal 2014.

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