Orlando-area hospital profits shrink, investments lose more than $900M

AdventHealth and Orlando Health, the two largest hospital chains in Central Florida, lost a combined $837.3 million in the first quarter of 2020, with the losses so far coming from losing money in the stock market. Quarterly financial statements for bondholders reviewed by WMFE reveal a glimpse of how the COVID-19 pandemic impacted AdventHealth and Orlando Health. The key metric to watch is net income on operations – this is the profit hospitals make on day-to-day operations.