Investment income dropped from $81.3 million in the third quarter of 2017 to $48.2 million this year. Novant’s investment income is $65.7 million through the first three quarters of fiscal year 2018, compared to $222.1 million a year ago.
The health system’s operating revenue was up 9.4 percent year over year in the third quarter of fiscal 2018, and its operating income more than tripled to $49.8 million, according to the Winston-Salem Journal.
Through the first three quarters of 2018, Novant reported net income of $208 million, a 30 percent decline from the previous year.
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