News Headlines Article

Kaiser Permanente’s Q3 takes hit from Wall Street woes
San Francisco Business Times

Kaiser Permanente ’s nonprofit hospital and health plan units said Nov. 4 that their third-quarter profit took a gigantic hit due to non-operating losses, such as Wall Street investments. The Oakland-based health care giant had a net third-quarter loss of $45 million after posting a $634 million profit a year earlier – a nearly $680 million swing due primarily to a $365 million non-operating loss for the quarter.