Here are four things to know about the health system’s financial results:
1. Trinity Health reported revenue of $4.7 billion in the first quarter of fiscal 2019, up 7.1 percent from $4.4 billion in the year prior. The increase is partially attributable to Trinity’s acquisition of MacNeal Hospital in Berwyn, Ill., from Dallas-based Tenet Healthcare. Trinity said the Illinois hospital generated $86 million in the three months ended Sept. 30. The remaining increase was attributable to growth in patient volumes and payment rates.
2. Expenses climbed 6.7 percent year over year to $4.6 billion in the first quarter of fiscal 2019. The MacNeal Hospital acquisition accounted for $90 million of the increase.
3. Trinity ended the first quarter of fiscal 2019 with operating income of $100.4 million. That’s up 25.5 percent from the same period of fiscal 2018, when Trinity reported operating income of $80 million.
4. After incorporating nonoperating gains, Trinity reported net income of $419.9 million in the first quarter of fiscal 2019, up from $398.9 million in the same period a year earlier.
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