Main Line Health swings to $42M profit in fiscal 2021

Main Line Health rebounded to profitability in fiscal 2021 after posting an operating deficit of $67 million a year before. The system — the parent company for Bryn Mawr, Paoli, Lankenau, Riddle and Bryn Mawr Rehab hospitals and the Mirmont alcohol rehabilitation center — posted an operating profit of $41.9 million for the year ended June 30. Michael Buongiorno, executive vice president and CFO at Main Line Healt h, said the financial turnaround was due primarily to two factors. One is the…
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