Novant Health earns $204 million in 2007

Charlotte Observer, April 4, 2008

North Carolina-based Novant Health earned $204 million in 2007, up from $201 million in 2006. The figures for the not-for-profit health system includes operating income of $80 million, compared with $79 million in 2006, and earned investment income of $86 million as well as $35 million from the sale of real estate and a Charlotte laboratory. Part of the income will be used to begin construction on three new mid-sized hospitals in North Carolina.