CentraCare Health Releases 2013 Report To The Community [AUDIO]
ST. CLOUD -- CentraCare Health released their 2013 "Report to the Community" at their annual meeting this morning (Tuesday) showing a strong financial performance.
They announced a decrease in their operating margin from 5.69 percent in 2012 to 5.02 percent in 2013.
Net assets grew by about $160 million with a grand total to about $692 million. CentraCare reported a $3 million decrease in their Operating Income Loss.
Dr. Terry Pladson is the CEO of CentraCare Health System. He says the decline in their operating margin is a result of the expansion of the St. Cloud Hospital.
Pladson says CentraCare will be expanding their chemical dependency programs locally this year.
They also plan to remodel some of the original patient rooms at the St. Cloud Hospital. Construction is set to begin next year on the Heart Center to expand the rooms for the CentraCare Heart and Vascular Center.
They are currently looking to hire 500 employees throughout the CentraCare system. CentraCare is the largest employer in central Minnesota with about 8,000 employees.