Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Kaiser sees 64 percent drop in net income

East Bay Business Times, May 6, 2008

Kaiser Foundation Hospitals and Health Plan has reported late that it saw a 64% drop in net income in the first quarter due to investment losses. Kaiser reported $250 million of net income for the quarter ended March 31, compared with $698 million in the prior-year quarter. Kaiser attributed its drop in net income to "turbulence in the financial markets" impacting its investment portfolio.