Federal officials gave more than $23 billion COVID-19 aid to the nation's top 20 'nonprofit' hospitals while at the same time the hospitals had a 62% increase in their net assets, total profits and revenues during the 2018-2021 time period. According to a new report, "The 20 largest nonprofit hospitals in the country continued making massive profits while their cumulative net assets soared to $324.3 billion in 2021, up from $200.6 billion in 2018." The year 2021 is the latest year available for cross-comparison purposes. The top recipients of most COVID-19 aid were San Francisco-based CommonSpirit Health with $3.6 billion, followed by Providence St. Joseph Center with $3 billion, Ascension Healthcare with $2.7 billion, Michigan-based Livonia Health with $2.3 billion, and Sutter Health, based in Sacramento, California, with $1.7 billion.

Federal officials gave more than $23 billion COVID-19 aid to the nation's top 20 nonprofit hospitals even as a 62 percent increase in their collective net assets led parallel surges in the institutions' total profits and revenues during the 2018-2021 time period spanning the Coronavirus pandemic, according to a new report.

Only two of the 20 institutions have repaid the government for the COVID-19 aid they received.