News Headlines Article

Kaiser income swings up sharply in Q3
Sacramento Business Journal

Kaiser Permanente generated net income of $803 million in the third quarter of 2012, a huge swing into solid profitability from the same quarter last year, when volatile financial markets caused a net loss of $45 million. Operating income jumped 75 percent — to $561 million from $320 million — and revenue climbed to $12.7 billion from $11.9 billion. The nonprofit Oakland-based health plan and health system reported net income of $2.1 billion for the nine months ending Sept. 30, up from $1.5 billion for the same period last year.