Becker's Healthcare November 20, 2024
Toledo, Ohio-based ProMedica reported operating income of $32.4 million (4% margin) in the third quarter, up from a $31 million loss (-4.2% margin) in the third quarter of 2023 as operating results for all lines of business continued to improve over the prior year.
Third-quarter revenue increased 10.4% year over year to $801.4 million while expenses grew by 1.4% to $731.8 million, according to financial results published Nov. 19.
“We’re very pleased with our financial progress through Q3,” CFO Terry Metzger said in a statement shared with Becker’s. “The restructuring of our senior care and insurance divisions, coupled with sound operational rigor within our health system, has led to positive and sustainable results. This focused and disciplined approach underpins...
Today's Sponsors
Today's Sponsor