Arizona Largest Non-Profit Hospital Organizations Net Assets (Financial Strength) Up a Massive 147% Since Financial Meltdown 2008-2009 Year Ends

From a thorough review of the excellent Electronic Municipal Market Access (EMMA), I found 3 Non-Profit Hospital Organizations headquartered in the State of Arizona with Net Assets (i.e. Financial Strength or Total Assets minus Total Liabilities) at the most recent date reported of more than $400 mil.

These 3 had Total Net Assets (Financial Strength) of $6.065 bil at the most recently reported date, September 30, 2014, which was an exceptional 147% increase above such Total Net Assets amount of $2.458 bil in the 2008 or 2009 Fiscal Year Ends which included the late 2008 US Financial Meltdown, thus roughly six years ago.  This off-the-charts Net Assets growth was driven mainly by the consistently very highly profitable huge Banner Health.

Below here are the Net Assets of these 3 Arizona Non-Profit Hospital Organizations at both the most recent reported date September 30, 2014 and also at the end of the Fiscal Year which included the late 2008 US Financial Meltdown:

							Net	Net
							Assets	Assets
						FYE	FYE	%
						Balance	Balance	Increase
				Most		Sheet	Sheet	Since
			Most	Recent		Date	Date	FYE
			Recent	Balance		Including	Including	Including
			Balance	Sheet		US	US	US
	City	State	Sheet	Net		Financial	Financial	Financial
Hospital Organization	HQs	HQs	Date	Assets		Meltdown	Meltdown	Meltdown
				mil $s			mil $s
Banner Health	Phoenix	AZ	Sep 14	4,629		Dec 08	1,669	177%
Scottsdale Healthcare	Scottsdale	AZ	Sep 14	784		Sep 09	435	80%
Northern Arizona Healthcare	Flagstaff	AZ	Sep 14	652		Jun 09	354	84%
Total all 3				6,065			2,458	147%