Four things to know:
1. The 11-hospital system saw revenue increase 14.7% year over year to $6.3 billion while expenses grew by 7.3% to $5.9 billion, according to financial documents published Dec. 31.
2. As of Sept. 30, 2024, the health system’s long-term debt was $1.6 billion.
3. Investment income nearly doubled to $728.8 million in FY 2024. The health system’s net income hit $1.1 billion in FY 2024, up from $318.8 million in FY 2023.
4. Baptist Health South Florida recently received approval to build a 100-bed hospital in Sunrise, Fla., which would be its first in Broward County. The hospital is expected to open in 2028.
