UnityPoint reports operating loss ahead of Presbyterian merger

West Des Moines, Iowa-based UnityPoint Health, which is due to combine with Presbyterian Health Services later this year, saw its operating loss total $29 million in the first quarter. That loss followed a $52.2 million loss in the same period last year.

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The system, which operates 20 hospitals in its home state as well as Wisconsin and Illinois, and 19 community network hospitals, reported revenue of $1.1 billion in the period, up from the previous year, while expenses rose just 1 percent.

Overall income totaled $69.9 million versus a net loss of $140.4 million last year.

UnityPoint Health said in the filing it aims to complete the merger with Albuquerque, N.M.-based Presbyterian Health, which would add nine hospitals, in “mid-to-late 2023.”

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