Friday, December 10, 2010

OMHS "healthy" and growing contributor to the Owensboro economy

Owensboro Medical Health System is in stronger financial shape than it was a year ago, according to the consolidated financial statement released at its annual Report to the Community on Wednesday morning at the HealthPark.

OMHS showed a profit of $40.1 million in the fiscal year ending May 31, up $27 million from $13 million profit the previous fiscal year. Additionally, OMHS' investment portfolio showed an increase of $56 million as the market improved over the previous year.

Hospital officials also gave an update into the construction of their new facility on the east side of town. Concrete was recently poured on the second story and workers say they're on schedule to finish in early 2013.

Jeff Barber, the hospital's CEO says they have more than 3,200 employees, but that number should go up dramatically once the new facility is complete.

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