Becker's Healthcare December 30, 2024
Morgantown, W.Va.-based WVU Medicine is growing at a rapid clip and has nearly tripled its annual revenue over the last five years.
The academic system’s annual revenue is close to $7 billion in 2024, up from about $2.8 billion in 2019, according to financial documents obtained by Becker’s. WVU has grown significantly through hospital acquisitions during this period, adding 12 new campuses, with a 13th hospital acquisition — the 238-bed Weirton (W.Va.) Medical Center — expected to be completed Jan. 1.
“We’ve grown very quickly. We’ve almost tripled our size from a revenue perspective,” CFO Nick Barcellona said on the Becker’s Healthcare podcast. “A key part of our strategy [for 2025] is really thinking about breadth and depth...
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