Pittsburgh-based UPMC posted an operating loss of $313 million (-2.2% margin) in the first half of 2024, down from a $15 million operating income (0.1% margin) reported in the first half of 2023, according to the system's Aug. 29 financial report. 

Over the past 18 months, healthtech investment volume has decreased as investors have endured inflation, elevated interest rates and greater uncertainty, Deloitte said in an Aug. 27 report. 

Los Angeles-based Cedars-Sinai has raised $1 billion in a fundraising campaign to support medical research, clinical care and academic leadership.

Cincinnati-based Bon Secours Mercy Health reported $30.1 million in operating income (0.9% margin), a more than $123 million improvement on the $92.9 million operating loss (-3.1% margin) posted in the second quarter of 2023. 

Dayton, Ohio-based Premier Health saw an operating loss of $13.5 million (-2.2% margin) in the three months ended June 30, 2024, a 45% improvement from a $24.6 million operating loss (-4.3% margin) during the same time period in 2023, according to its Aug. 28 financial report. 

As the status for many of Dallas-based Steward Health Care's 31 hospitals remains uncertain, the for-profit health system has continued to delay facility sale hearings and bid dates after it sought Chapter 11 protection on May 6. 

Falls Church, Va.-based Inova Health System reported an operating income of $170.4 million (5.4% margin) in the first half of 2024, up from an operating income of $97.7 million (3.5% margin) posted over the same period last year, according to its financial report released Aug. 28. 

West Reading, Pa.-based Tower Health's new-look leadership team, organizational structure and culture have helped the health system improve its financial performance by more than $160 million year over year while a debt refinancing deal has secured a longer runway to return to profitability. 

Salt Lake City, Utah-based Intermountain Health was an early adopter of value-based care principles, deploying strategies to boost quality and lower costs. The health system pioneered owning a health plan and driving down pharmaceutical costs with CivicaRx.

Tampa (Fla.) General Hospital is investing $162 million in 2025 to support greater integration with its university affiliate, USF Health.

Risant Health, a Washington, D.C., nonprofit formed under Oakland, Calif.-based Kaiser Permanente, signed a definitive agreement June 24 to acquire Greensboro, N.C.-based Cone Health. 

Salt Lake City-based Intermountain Health reported an operating income of $326 million (3.8% margin) over the first half of 2024, up from an operating income of $184 million (2.3% margin) over the same period last year, according to its Aug. 28 financial report.

Charlotte, N.C.-based Advocate Health reported $449.8 million in operating income (2.7% margin) in the first six months of 2024, a substantial improvement on the $85.7 million gain (0.6% margin) posted during the same period last year. 

U.S. hospitals reported a bump in average operating margins and patient volume to begin the third quarter, according to Strata's Monthly Healthcare Industry Financial Benchmarks.

Signs of tensions between Carson Tahoe Health and UnitedHealthcare have been apparent for a while.

St. Louis-based SSM Health, a 23-hospital faith-based system, reported an operating loss of $44.8 million (-1.6% margin) for the three months ending June 30, slipping from a $39.6 million loss (-1.5% margin) during the second quarter of 2023.

Reno, Nev.-based Renown Health posted an operating income of $72.7 million (7.3% margin) in the first half of 2024, up from $4.7 million (0.5% margin) over the same period last year. 

From seeking Chapter 11 protection on May 6 to sharing plans to close four of its hospitals across Massachusetts and Ohio that would result in a combined 2,187 layoffs, Dallas-based Steward Health Care has experienced a great deal of turbulence over the last year.

A Steward Health Care-owned behavioral health hospital in Phoenix has furloughed employees following a state order to suspend operations.

Danbury, Conn.-based Nuvance Health reported a $92.1 million operating loss (-4.7% margin) for the nine months ending June 30, a slight improvement on the $110.4 million loss (-6.1% margin) posted in the same period last year.