Sutter Health Reports Nearly 28% Drop in 2011 Net Income
On Friday, Sutter Health reported a 2011 net income of $634 million, down 27.8% from its 2010 net income of $878 million. Meanwhile, operating revenue for 2011 grew by 3.4%, from $8.8 billion in 2010 to $9.1 billion in 2011. Sutter officials said the decline in net income stemmed partly from "changes in net unrealized gains and losses from investments."
- "Sutter Revenue Tops $9 Billion for First Time" (Robertson, Sacramento Business Journal, 3/23).
- "Sutter Health's 2011 Net Income Falls Almost 28 Percent" (Rauber, San Francisco Business Times, 3/23).