OAKLAND -- Kaiser Foundation Hospitals reported Friday that its net income and revenue rose during the fourth quarter and for all of 2012.
For the fourth quarter that ended Dec. 31, Kaiser produced net income of $509 million on operating revenue of $12.7 billion.
Oakland-based Kaiser said that compared to the year-ago quarter, profits rose 7.4 percent and revenue rose 5 percent.
During 2012, Kaiser generated net income of $2.6 billion on revenue of $50.6 billion.
Compared to 2011, profits rose 30 percent and revenue was up 5.6 percent.
Total membership increased by approximately 131,000 members over the past year. As of Dec. 31, 2012, membership totaled more than 9 million members.
Kaiser's capital spending totaled $3.5 billion in 2012, up 9.4 percent from 2011.
The capital spending program includes seismic upgrades for buildings throughout the system.
Kaiser also opened one new hospital and 12 new medical office complexes across its regions in 2012.
"We are pleased that our performance allows us to continue to make capital investments in our facility infrastructure and IT systems," Chief Financial Officer Kathy Lancaster said.
Contact George Avalos at 408-373-3556 or 925-977-8477. Follow him at twitter.com/george_avalos.