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Dignity Health saw rocky end to 2018 as revenue and investments tumble
Modern Healthcare

Dignity Health saw its revenue and profit margin slide in the last half of 2018 as the not-for-profit system worked to close its merger with Catholic Health Initiatives, which it did Feb. 1.

Weak investment returns contributed to the not-for-profit system’s $198 million loss attributable to San Francisco-based Dignity in the six months ended Dec. 31, 2018, compared with an excess of revenue over expenses of $635 million in the 2017 period, an $833 million negative swing. The system’s overall profit margin went from 8.4% in the latter half of 2017 to a negative 3% margin in the latter half of 2018.