Newly combined Advocate Health sees net gains in first post-merger report

Advocate Health’s first full quarter was a profitable one, as the newly combined system achieved a positive, albeit razor-thin, operating margin at 0.1%.

Charlotte, North Carolina-based Advocate, a 67-hospital nonprofit system formed when Advocate Aurora Health and Atrium Health merged in December, reported net income of $578.74 million in the first quarter, boosted by $610.43 million in net investment income. Operating income came to $10.42…