As of 2020, Hoag Hospital's net worth, represented by its net assets, stood at approximately $3.3 billion.
Hoag Hospital's Financial Standing
Hoag Hospital, a leading healthcare institution, maintains a robust financial position, which is reflected in its net assets. For non-profit organizations like Hoag, net assets are essentially equivalent to net worth, representing the organization's accumulated resources after accounting for all liabilities.
Key Financial Insights
- Valuation in 2020: In 2020, Hoag's net assets were approximately $3.3 billion. This figure provides a clear indication of the hospital's financial strength and the value it holds.
- Proportional Significance: Despite operating only a small fraction of facilities within its affiliated group, Hoag's net worth was remarkably significant. Specifically, Hoag's net assets accounted for nearly 20% of the total for all Providence-affiliated facilities, even though Hoag comprised only three of the group's 51 hospitals. This highlights Hoag's substantial independent financial standing and operational efficiency.
The strong financial foundation allows Hoag Hospital to continue investing in advanced medical technologies, expand its specialized services, and maintain its commitment to delivering high-quality patient care in Orange County and beyond.
