Cleveland-based University Hospitals recorded a $302 million operating loss in 2022, a sharp downturn compared with $104.5 million operating income in 2021.
While revenue edged up slightly on the previous year to total $5.4 billion, expenses rose 9 percent to total $5.7 billion.
The 21-hospital system saw a $480.4 million net loss compared with net income of $467.3 million in 2021.
Michael Szubski, CFO since 2008, is planning to retire in January 2024.
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Orlando (Fla.) Health’s Rockledge Hospital and four hospital-based outpatient departments will close April 22, eliminating 940 jobs. Orlando Health acquired…
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