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Baptist Health South Florida flips to $131 million profit

South Florida Business Journal, December 30, 2009

Baptist Health South Florida is back into the black with net income of $131.3 million in the fiscal year ended Sept. 30. That's up from a loss of $71.7 million in 2008. The nonprofit hospital operator saw most of the turnaround thanks to improved performance in its investment portfolio. Baptist Health gained $1.1 million from investments in fiscal 2009, compared to a loss of $210.4 million in fiscal 2008.