Woodbridge, Va. — The new owners of Potomac Hospital saw a 50 percent increase in profits last year.
The 2009 acquisition of the hospital on Opitz Boulevard in Woodbridge, and a increase in Virginia’s Medicaid subscription plans helped Sentara Healthcare reach the increased profits, the HamptonRoads.com reports.
Sentara, a non-profit, posted $2.21 billion in net assets at the end of December, more than $300 million more than the year before.
The company donated $16.9 million to charity in 2010, according Pilotonline.com.
In addition to hospitals in Williamsburg and Virginia Beach, the company earlier this year also acquired hospitals in Charlottesville and Harrisonburg.
