University of Pittsburgh Medical Center net profit declines

University of Pittsburgh Medical Center's net profit dropped 70 percent in the first six months of this fiscal year. The decrease is due largely to a sizable drop in its investment income, a $10 million outlay to a city tuition program and depreciation costs from the system's many improvement projects. Officials representing the system, however, are asking that attention be paid to a measure of cash flow showing the nonprofit earning $260 million before interest expense, depreciation and amortization.