Stevens Hospital is reporting the best financial year in its 46-year history — profits of at least $11.5 million.
This financial strength not only allowed the public hospital to have a good year-end report, it put the hospital into a stronger negotiating position with Seattle’s Swedish Health Services on a new business affiliation, hospital officials say.
The hospital’s year-end financial report says Stevens made $11.5 million on its operating income, up from $1.3 million in 2008. Operating income is the money the hospital makes without income from sources such as investments and taxpayers’ bond and levy money.
Sharon Salyer writes for the Herald of Everett.i
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