Operating profit at UnityPoint Health, based in West Des Moines, Iowa, soared almost 35 percent in 2013 to $82.6 million as the 15-hospital system kept its operating expenses in check.
Total revenue increased about 4 percent to $2.84 billion, giving UnityPoint a 2.9 percent operating margin. Total profit, including investment gains, climbed 33 percent to $262.3 million, equating to a 9.2 percent total margin.
UnityPoint's expenses only increased 3.3 percent from 2012 to 2013. Salaries and employee benefits were the two prime areas that were limited to slow growth and negative growth, respectively.
Last year, UnityPoint completed an affiliation deal with Proctor Hospital in Peoria, Ill., and brought the 220-bed Proctor within its UnityPoint Health-Methodist division. In January, UnityPoint closed another deal, this time with Meriter Health Services in Madison, Wis.
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