Texas Children's Hospital in Houston enjoyed a big surge in revenue and operating surplus in its fiscal 2015 ended Sept. 30, but a reversal in investment return vastly lowered its net surplus for the year, according to audited financial documents (PDF).
The pediatric health system saw its 2015 operating income jump 54% to $120.2 million on revenue of $2.84 billion. Texas Children's had an operating income last year of $78 million on revenue of $2.56 billion.
But the system suffered a big loss on investments. It posted a loss in investment return of $68.7 million in 2015 compared with a gain of $144.7 million last year.
The not-for-profit system includes a 490-bed pediatric hospital and a 115-bed obstetrics and gynecological hospital in Houston's Texas Medical Center. It also owns a 44-bed pediatric hospital in west Houston, urgent-care centers and an insurance plan.