The nine-hospital system, which has a licensed bed capacity of 1,017, reported an overall gain of $46 million for the most recent quarter ending Dec. 31 as an improved quarterly investment performance helped offset the net operating loss of $47.9 million.
But it was the $333.8 million loss on unrealized investments that pulled the system down over the year. The operating loss for the year ending Dec. 31, 2022, totaled $105.4 million compared with a $69 million gain in 2021.
Presbyterian also operates a health insurance division that saw a $388.9 million increase in net premiums during 2022.
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