Catholic Health Initiatives, the parent company of Penrose-St. Francis Health Services, was the largest Catholic hospital in the nation last year, according to Modern Healthcare magazine.
Health care systems were ranked by ownership type and size. Catholic Health Initiatives was No. 6 in the ranking by patient revenue, at $7.21 billion, up from $6.83 billion in 2006. The hospital system's net operating income increased to $359.6 million in 2007, up from $282.9 million in 2006. Total assets rose to $11.38 billion from $9.57 billion the previous year.