Baptist Health South Florida, based in Kendall, Fla., absorbed almost $55 million in investment losses in the 2011 fiscal year, and this led to a 46-percent decrease in profits, according to a South Florida Business Journal report.
In 2010, Baptist Health South Florida had a $134.1-million gain in investments. Overall, the health system recorded a total profit of $145.8 million in FY 2011, down from $271.9 million last year, according to the report.
Overall revenue was up for the Baptist Health South Florida. Revenue totaled $2.3 billion in FY 2011, up from $2.18 billion last year.
In 2010, Baptist Health South Florida had a $134.1-million gain in investments. Overall, the health system recorded a total profit of $145.8 million in FY 2011, down from $271.9 million last year, according to the report.
Overall revenue was up for the Baptist Health South Florida. Revenue totaled $2.3 billion in FY 2011, up from $2.18 billion last year.
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