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Kaiser 2011 profit held steady at $2B, revenue rose 8.3%
San Francisco Business Times

Kaiser Permanente’s net income held steady at roughly $2 billion last year, officials said Friday, the second straight year it’s been below 2009’s profit total of $2.1 billion. Meanwhile, operating revenue jumped 8.3 percent in 2011 to $47.9 billion from the prior year’s total of $44.2 billion. Last year’s level of profitability held steady “at levels that are appropriate to invest in infrastructure,” such as seismic rebuilds and high-technology investments, according to Tom Meier, Kaiser’s senior vice president and treasurer.

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