Finance News and Headlines

Jefferson Posts $201M Operating Loss in H1

Thomas Jefferson University, owner of Jefferson Health, posted a $201 million operating loss for the first half of fiscal 2026, reflecting a -2.3% operating margin. The loss includes $64.7 million in restructuring expenses tied to a planned layoff of roughly 650 employees. Excluding those costs, the operating loss was $136.3 million (-1.6% margin) even as total operating revenue rose to $8.6 billion, up from $7.5 billion a year earlier. Jefferson Health Plan’s loss narrowed to $90.7 million despite higher membership, while salaries, drug and supply expenses all increased sharply.