Novant Health's profits rose 115% in 2016

Novant Health's net income for 2015 rose 115 percent to $412.8 million on operating revenue of $4.3 billion. That compares with the private, nonprofit system's 2015 net income of $191.6 million on operating revenue of $4.1 billion. The Winston-Salem-based hospital system, which serves about 4 million patients annually, reported 2016 operating income of $258.8 million, partially offset by income tax expenses of $3.4 million.