Non-profit Partners reported an operating income of $164 million for the 12 months, ending Sept. 30, 2009. Nonoperating losses, due mostly to the hospital group’s investment portfolio, were $119 million, according to the report.
The FY 2009 gain is down 57.5 percent from the $106 million gain in FY 2008, but due to a slow first half of FY 2009, Partners’ officials see the profit as a victory, according to the report.
In the fourth quarter of FY 2009, Partners posted a gain of $63 million, compared with a $121 million loss during the same period last year.
According to the report, much of Partners fourth quarter gain was due to improvements in the hospital group’s investments.
Read the Globe’s report about Partners HealthCare’s FY 2009 gain.
