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CommonSpirit, one of the largest nonprofit health systems in the US, reported an operating loss of $1.4 billion in FY2023. Investment performance helped mitigate the overall loss.
Temple University Health reported an operating loss of $63.8M on revenue of $2.6B for the fiscal year ended June 30. Expenses rose 9.3%.
St. Louis-based Ascension continues to restructures its portfolio after reporting a $3 billion operating loss in fiscal year 2023.
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