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Investments Boost Baptist Health Earnings

Earnings at Miami-based Baptist Health South Florida improved in its fiscal third quarter, the South Florida Business Journal reports.

The nonprofit hospital and health care provider reported $165.1 million in earnings for the quarter that ended June 30. That’s up $8.1 million for the same period a year ago, the Business Journal reports.

A $95 million investments gain was named as a key reason for the strong performance, compared to a $21 million investment loss for the same period last year, the Business Journal reports. Its operating performance improved, and the hospitals saw an almost 3 percent jump in patient visits, according to the Business Journal.

Originally founded in December 2006 as an independent grassroots publication dedicated to coverage of health issues in Florida, Health News Florida was acquired by WUSF Public Media in September 2012.