Becker's Healthcare December 27, 2024
St. Louis-based Mercy reported an operating loss of $7.5 million (-0.3% margin) in the first quarter of fiscal 2025 (the three months ending Sept. 30), down from a $25.8 million operating gain (1.2% margin) in the first quarter of fiscal 2025.
Five things to know:
1. Operating revenues for the quarter increased 16.7% year over year to $2.45 billion while expenses grew by 18.5% to $2.46 billion, according to financial documents published Dec. 24.
2. Net income for the first quarter of fiscal 2025 was $133.4...
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