For the 12th consecutive year, the University of Michigan Hospitals and Health Centers will finish its fiscal year with a positive bottom line, although smaller than expected because of the state's slumping economy.
U-M's operating margin of 1.5% will generate $26 million in earnings on $1.72 billion in revenues in the 2008 fiscal year ending June 30.
... U-M's Board of Regents on Thursday approved a budget for the health system for fiscal 2009, which projected a $57-million profit or 3% on $1.89 billion in revenues.
