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Rochester, MN (KROC-AM News) - Mayo Clinic has reported strong financial results for the second quarter of this year.

A required financial regulatory filing shows Mayo's income from current activities, which is a key measure of its performance, nearly doubled from a year ago to $300 million in April, May, and June. The total from the same three-month period in 2022 was $155 million.

Kim David/TSM
Kim David/TSM
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The report shows Mayo Clinic's overall revenues increased nearly 11% year-over-year to $4.47 billion for the three-month period. Expenses were also higher. Mayo Clinic reported they rose about 7.5% to $4.17 billion.

Mayo Clinic's revenues from investments rebounded dramatically in the second quarter. The healthcare provider reported a billion-dollar loss on its investments in the second quarter of last year and is now reporting a $211 million gain for the same period this year.

photo courtesy Mayo Clinic News Network
photo courtesy Mayo Clinic News Network
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Since the beginning of the year, Mayo Clinic's net income from current activities totals just under $450 million. The total from the first six months of last year was $297 million. Mayo's total revenues are up nearly 10% from a year ago at more than $8.7 billion, while expenses have increased a little over 8%.

Kim David/TSM
Kim David/TSM
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The unaudited report was filed with the online Electronic Municipal Market Access site, a service of the Municipal Securities Rulemaking Board. The report is required because of municipal bonds sold by Mayo to finance various economic development projects.

TRIBUTE: 29 U.S. Service Members From Minnesota Killed During the War in Afghanistan

After 20 years of war, 29 men and women from Minnesota made the ultimate sacrifice in Afghanistan while serving our country during Operation Enduring Freedom.

Scroll through the photos below and pay tribute to our fellow Minnesotans who served with valor.

The information below comes from the Iraq Coalition Casualty Count

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