Finance
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Medical muscle: Memorial Hospital records $190M gain

Chattanooga Times Free Press, June 11, 2012

Over the past six years, nonprofit Memorial experienced steady growth, bringing in $190 million in profits. Meanwhile, Erlanger, the area's only Level 1 trauma center and the public safety-net hospital for indigent patients, saw steadily declining profits. Last year alone, Memorial raked in a record $42.9 million—more than the $40.7 million Erlanger made over the last six years. The gap likely will widen this year, with Erlanger losing more than $17 million so far. The two hospitals have competed for market share in the past, but the most recent numbers show Memorial closing the gap in total revenue numbers and surpassing Erlanger in profits and expansions.