Arlington-based Texas Health Resources saw revenue increase in the first six months of this year, but the system ended the period with lower operating income than in the first half of 2016, according to recently released bondholder documents.
Texas Health Resources reported revenues of $2.26 billion in the first half of 2017, up 2.9 percent from $2.2 billion in the same period of the year prior. However, higher expenses offset the system's revenue gains. Texas Health Resources' expenses grew from $2.04 billion in the first half of 2016 to $2.14 billion in the first six months of this year, a 4.9 percent year-over-year increase.
The system ended the first half of this year with operating income of $123.6 million, down 23 percent from $160 million in the same period of 2016.
After factoring in substantial investment gains, Texas Health Resources ended the first six months of 2017 with net income of $421.6 million, up from $215.4 million in the same period of the year prior.
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