For the fiscal year ended June 30, Cadence reported $1.28 billion in total revenue, up from $1.13 billion in fiscal year 2013. However, expenses also increased from approximately $1 billion to nearly $1.16 billion. Still, Cadence saw almost $89 million from investment return, unrestricted contributions and other gains, up from $84.7 million the previous year. In fiscal year 2013, the system also sustained a $61.2 million loss from impairment of note receivable and joint venture investment.
Cadence merged with Northwestern effective Sept. 1, combining the two health systems into one entity (Northwestern Medicine) thatincludes four hospitals: Northwestern Memorial Hospital in Chicago; Northwestern Lake Forest (Ill.) Hospital; Central DuPage Hospital in Winfield; and Delnor Hospital in Geneva, Ill.
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