Investment losses, $895 million in additional wages, leave Advocate Aurora in the red for 2022

Aurora St. Luke’s Medical Center in Milwaukee.
Aurora St. Luke’s Medical Center in Milwaukee.

Last updated on April 13th, 2023 at 02:00 pmAdvocate Aurora Health Inc. ended 2022 with its total expenses exceeding revenues by $750 million as higher salaries and wages and investment losses cut into the system’s results, according to the system’s latest financial filings. Total revenues for the health system increased 3.4% for the year to

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

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