Lehigh Valley reports $23M net loss in 2022 as expenses rise, investments decline

Allentown, Pa.-based Lehigh Valley Health Network, which operates 13 hospitals and numerous other clinical care sites in Eastern Pennsylvania, reported a net loss of $23.6 million for the fiscal year ending June 30, 2022, amid higher labor costs and losses on investments. That figure compared with a net gain of $402 million in 2021.

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