Kaiser’s Net Income Down 16% as Capital Spending Increases
On Friday, Kaiser Foundation Hospital, Kaiser Foundation Health Plan and their subsidiaries reported a net income of $770 million in the first quarter of 2012, down 16% from $921 million in Q1 2011. Kaiser noted that capital spending increased from $623 million in Q1 2011 to $861 million inÂ Q1 2012 because of investments in technology and hospital construction projects to comply with the state's seismic standards.
- "Kaiser's Net Income Down in First Quarter" (Glover, Sacramento Bee, 5/11).
- "Kaiser's Q1 Net Income Dips 16.4%, Despite $12.7B in Revenue" (Rauber, San Francisco Chronicle, 5/11).