ROCHESTER, Minn. – Rochester-based Mayo Clinic reports a nearly 20% profit increase.
In its annual report, Mayo Clinic’s net profit rose from $1.1 billion in 2023 to $1.293 billion in 2024.
The hospital also increased operation revenue by 10.6%, while expenses rose by 9.7%, and salaries and benefits increased by 8.4%. Mayo Clinic took in $772 million through grants and contracts and $540 million through contributions.
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