Texas Health Resources' net income sinks 63% in first half of 2018

Arlington-based Texas Health Resources saw revenues increase in the first six months of this year, but the system ended the period with lower operating income and net income than in the first half of 2017, according to recently released financial documents.

Texas Health Resources reported operating revenues of $2.3 billion in the first half of 2018, up 2 percent from $2.26 billion in the same period of the year prior. However, higher expenses offset the system's revenue gains. Texas Health Resources' expenses grew from $2.14 billion in the first half of 2017 to $2.19 billion in the first six months of this year, a 2.6 percent year-over-year increase.

The system ended the first half of this year with operating income of $114.1 million, down from $123.6 million in the same period of 2017.

After factoring in nonoperating gains, which dropped 75.2 percent year over year, Texas Health Resources ended the first six months of 2018 with net income of $156.3 million, down 63 percent from $421.6 million in the same period a year earlier.

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