Livonia, Mich.-based Trinity Health recorded an operating loss for the final six months of 2015, caused in part by recent acquisitions.
Here are four things to know about Trinity's most-recent financials.
1. Trinity recorded a $27.1 million operating loss for the six-month period that ended Dec. 31, down from a $228 million operating gain in the same period a year earlier, according to The Post-Standard.
2. The decline in operating income was partially attributable to rising labor costs, as the system added new employees with its acquisition of St. Joseph's Hospital Health Center in Syracuse, N.Y., and St. Francis Care in Hartford, Conn.
3. Trinity posted operating expenses of $7.9 billion in the final six months of last year, an increase of $1.1 billion from the same period a year earlier. About half of the increase in operating expenses was attributable to the system's acquisition of St. Joseph's and St. Francis Care, according to the report.
4. Trinity reported revenue of $7.9 billion for the final six months of last year, an increase of 12.3 percent from the same period a year earlier.
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