Trinity Health gets $299M revenue boost from acquisitions

Trinity Health saw revenue increase in the first quarter of fiscal year 2017, as the Livonia, Mich.-based health system experienced patient volume growth due to its recent acquisitions.

Trinity Health reported revenue of $4.3 billion in the first quarter of FY 2017, a 12.9 percent year-over-year increase from revenue of $3.8 billion in the same period of the year prior, according to recently released unaudited financial documents.

The financial boost was primarily attributable to an increase in patient volume from Trinity's Connecticut acquisitions, which accounted for $299 million of the system's increase in revenue in the first quarter.

Trinity saw expenses increase 13.2 percent year over year to $4.2 billion in the first quarter of FY 2017. Trinity's labor expenses were 12.3 percent higher in the first quarter of FY 2017 than in the same quarter of the year prior, and the system's supplies costs were up 11.6 percent year over year.

Trinity ended the first quarter with operating income of $43.3 million, down from operating income of $48.3 million in the same period of the year prior. The system recorded an operating margin of 1 percent in the first quarter of FY 2017, down slightly from 1.3 percent in the first quarter of the year prior.

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