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October 05, 2015 1:24 PM ET

Healthcare Providers and Services

Company Overview of Kaiser Foundation Hospitals, Inc.

Company Overview

Kaiser Foundation Hospitals, Inc. owns and operates hospitals. The company was founded in 1948 and is based in Oakland, California. Kaiser Foundation Hospitals, Inc. operates as a subsidiary of Kaiser Permanente Inc.

One Kaiser Plaza

Suite 2600

Oakland, CA 94612

United States

Founded in 1948





Key Executives for Kaiser Foundation Hospitals, Inc.

Chairman, Chief Executive Officer and President
Age: 56
Executive Vice President and Chief Financial Officer
President of Hawaii Region
Chief Information Officer and Executive Vice President
Chief Compliance and Privacy Officer, Senior Vice President, and Director
Compensation as of Fiscal Year 2015.

Kaiser Foundation Hospitals, Inc. Key Developments

Kaiser Foundation Health Plan Inc. and Kaiser Foundation Hospitals Appoint Regina Benjamin to the Boards of Directors

Kaiser Foundation Health Plan Inc. and Kaiser Foundation Hospitals announced the appointment of Regina Benjamin to the Boards of Directors. The appointment was effective on June 1, 2015.

Kaiser Foundation Hospitals Reports Earnings Results for the Fourth Quarter and Full Year Ended Dec. 31, 2014

Kaiser Foundation Hospitals reported that combined total operating revenue for 2014 was $56.4 billion, compared to $53.1 billion in 2013. Operating income from continuing operations in 2014 was $2.2 billion, equal to 3.9% of operating revenue, compared to $1.8 billion, equal to 3.4% of operating revenue, in 2013. For the quarter ending Dec. 31, 2014, combined total operating revenue was $14.2 billion, compared to $13.5 billion in the same period in 2013. Operating loss was $66 million in the fourth quarter of 2014, compared to operating income of $117 million in the same quarter of the prior year. Net loss for the fourth quarter was $68 million, versus net income of $529 million for the same period in 2013. Capital spending in the fourth quarter of 2014 was $725 million, compared to $1.0 billion in capital spending in the fourth quarter of 2013.

Kaiser Permanente Appoints David Hoffmeister and Leslie Stone Heisz to Boards of Directors of Kaiser Foundation Hospitals and Kaiser Foundation Health Plan, Inc

Kaiser Permanente appointed David Hoffmeister and Leslie Stone Heisz to the boards of directors of Kaiser Foundation Hospitals and Kaiser Foundation Health Plan, Inc. David Hoffmeister brings more than 30 years of senior-level expertise in finance and strategy focused on the areas of health care, life sciences, biotech and private equity to Kaiser Permanente. He joined the KFH/HP boards on November 1, 2014. Leslie Stone Heisz will join the KFH/HP boards of directors on January 1, 2015. She brings more than 20 years of senior-level investment banking experience, advising C-suite executives and boards of directors on complex financial matters.

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