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Breaking News: Partners Posts $195M Gain

Partners is in better financial shape than other state health care concerns

The Boston Globe reports that the state’s largest health care system, Partners HealthCare, posted a gain of $195 million on operating revenue of $8.1 billion for the fiscal year.

The results topped the $164 million gain Partners reported on revenue of $7.6 billion for fiscal year 2009. Its margin — operating revenue minus expenses — climbed to 2.4 percent, up from 2.2 percent last year.

While the improvement was modest, Partners, which owns the Harvard-affiliated Massachusetts General and Brigham and Women’s hospitals in Boston, is still in better financial shape than other health care organizations in the state. It finished the 2010 fiscal year with investments of $5 billion, including its endowment, up from $4.6 billion a year earlier.