Here are five things to know.
1. Kaiser said operating income for the first quarter ended March 31 climbed to more than $1 billion, up from $701 million in the first quarter of 2016.
2. The organization said its $1.8 billion acquisition of Seattle-based Group Health Cooperative in February contributed $18 million in operating income on $709 million of revenue.
3. Kaiser grew its health plan membership to 11.8 million as of March 31, up from 10.7 million recorded December 31, 2016.
4. The organization raised $4.4 billion in bonds earlier this month. Kaiser said the “proceeds will be used for capital projects, general corporate purposes and to redeem $1.4 billion of existing debt,” according to the documents.
5. Kaiser’s first quarter net income more than tripled year over year to $1.6 billion, up from $504 million recorded in the same period in 2016.
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