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.
More articles on healthcare finance:
Bon Secours’ operating margin falls: 5 things to know
15 recent hospital rating and outlook changes, affirmations
5 hospital CFOs in the headlines this week
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
