Kaiser’s Not-for-Profit Units Report Q3 Net Loss of $45M
Last week, Kaiser Foundation Hospitals, Kaiser Foundation Health Plan and their subsidiaries announced a third-quarter 2011 net loss of $45 million on $11.9 billion in revenue, compared with a $634 million profit on $11.1 billion in revenue for the third quarter of 2010. Meanwhile, Kaiser's operating income dropped, albeit less sharply, from $366 million in Q3 2010 to $320 million in Q3 2011.
- "Kaiser Swings to a Big Loss" (Robertson, Sacramento Business Journal, 11/4).
- "Kaiser Permanente's Q3 Takes Hit From Wall Street Woes" (Rauber, San Francisco Business Times, 11/4).