Salt Lake City-based Intermountain Health reported a $297 million operating income (6.5% margin) in the first quarter, up from a $134 million gain (3.2% margin) in the first quarter of 2024, according to financial documents published May 21.
Four things to know:
1. First-quarter revenue increased 7.9% year over year to $4.6 billion while expenses grew by 3.8% to $4.1 billion. Patient revenue was $2.8 billion in the first quarter of 2024, compared to $2.5 billion in the first quarter of 2024.
2. After accounting for nonoperating items, such as investment gains, Intermountain reported a $334 million net income in the first quarter of 2024, compared to a %757 million net gain in the same period in 2024.
3. As of March 31, 2025, Intermountains’s long-term debt was $4.1 billion and total assets were $34.1 billion.
4. Cash and equivalents were $1.5 billion as of March 31, 2025, compared to $942 million on Dec. 31.
