Carolinas HealthCare System Earns $153.5M for First Half of 2009

Charlotte, N.C.-based Carolinas HealthCare System announced that it earned $153.5 million for the first half of 2009, ending June 30, according to a report by the Charlotte Business Journal.

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Comparatively, the system lost $103.6 million in the first six months of 2008.

The system’s net operating revenue grew to nearly $2.5 billion, up 11.9 percent from the same period in 2008, and operating income grew to $64.8 million, up from $49.1 million. Operating cash-flow margins grew to $234.1 million, up 10.4 percent.

The strong performance of the health system can be attributed to system growth, increased patient volumes and expense management, according to the report.

Read the Charlotte Business Journal‘s report on the Carolinas HealthCare financial performance.

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