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Catholic Health Initiatives reports $57.24 million operating loss

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Catholic Health Initiatives saw its revenue increase and operating loss grow in the second quarter of fiscal year 2019, Becker’s Hospital Review reported. CHI, which merged with San Francisco-based Dignity Health on Feb. 1 to become CommonSpirit Health, reported operating revenues of $3.83 billion in the second quarter of fiscal 2019, which ended Dec. 31. After factoring in restructuring, impairment and other losses, CHI recorded an operating loss of $57.24 million in the second quarter of fiscal 2019, up from a year-ago operating loss of $1.53 million. CommonSpirit Health and Trinity Health together own Iowa-based MercyOne under a joint operating agreement.

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