Hero BG

An Over 40 Year Tradition of Winning
Pittsburgh Personal Injury Cases

TELL US WHAT HAPPENED 412-471-4300
CONTACT THE ATTORNEYS
Berger & Lagnese, LLC

UPMC profits down but overall financial condition still good

Posted on Jan 26, 2009

UPMC announced on August 21, 2008 that its profits for fiscal year 2008 were $5 million.  That is down from a reported $612 million in fiscal year 2007.  Most of this decline is due to losses in UPMC's investment portfolio.  UPMC remains exceedingly profitable, earning $184 million in 2008 in its hospital, doctor, and health insurance operations.  The money generated in 2008 by UPMC's hospitals, health insurance business, and other holdings was $7.02 billion, up 12% from fiscal year 2007.

Read More About UPMC profits down but overall financial condition still good...

Categories