UPMC reports $14B in operating revenue for FY2017

UPMC reported operating revenue of $14 billion, net income of $991 million and operating income of $240 million for fiscal year 2017 on Tuesday, spurred in part by new affiliations like UPMC Susquehanna. UPMC’s earnings before interest, depreciation and amortization (EBIDA) was $732 million, and the system reported $6 billion in cash and investments, with a fiscal return of nearly 12 percent for the year. The system spent $589 million on capital expenditures in fiscal year 2017. The system's…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news