Norton Healthcare Posts $80 Million Surplus in 2007

Leaders of Norton Healthcare Inc. have a special interest in the recent turmoil in the stock market.

Louisville’s fourth-largest employer, with a work force of about 9,000, finished last year with a surplus after expenses of nearly $80 million. And nearly 72 percent of that surplus came from the health care giant’s investment income.

The company benefits from charitable giving as well. Last year, it received a record $22.2 million in private philanthropic support through the Children’s Hospital Foundation, Norton Healthcare Foundation Inc. and the Kosair Charities Committee Inc.

Full-text article by Kevin Eigelbach is available via Business First of Louisville, 7.17.08.