Business

Partners generates $11.7 b in revenues

Partners HealthCare saw improved business at its hospitals and insurance company in the fiscal year that ended Sept. 30, but reported an overall loss because of declining income from investments.

Partners, the state’s largest nonprofit network of doctors and hospitals, reported $11.7 billion in revenues, up from $10.9 billion the previous year, because of stronger business at Partners hospitals, including Massachusetts General and Brigham and Women’s, and its insurance arm, Neighborhood Health Plan.

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The health system, headquartered in Boston, generated a $106 million operating surplus.

That was offset by a $198 million loss in income from investments and other nonoperating accounts, resulting in a net loss of $92 million.

Priyanka Dayal
McCluskey

GLOBE STAFF

Priyanka Dayal McCluskey can be reached at priyanka.mccluskey@globe.com. Follow her on Twitter @priyanka_dayal.
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