Kaiser Permanente, the Oakland, Calif.-based integrated delivery system, reported modest growth (PDF) in income as the group pares down its operations.
The system, which is both a payer and provider of healthcare, added 30,000 new members in 2013, bringing its membership to 9.1 million.
Its operating margin remained flat at 3.4%, as it earned $1.8 billion in operating income on revenue of $53.1 billion in 2013.
Kaiser sold its Ohio health plan operations, the smallest in the enterprise, to HealthSpan, subsidiary of Cincinnati-based Catholic Health Partners, in a deal that closed in October. As a result, it booked a net loss from discontinued operations of $119 million compared with $31 million in 2012.
In January, the system also said it would sell its healthcare modeling company Archimedes to private-equity-backed Evidera for an undisclosed amount.
Kaiser added two new hospitals and 14 new medical offices in 2013, but its capital expenditures dipped slightly to $3.3 billion in 2013 compared with $3.5 billion the previous year.
The system has 32 hospitals on the West Coast and operations in eight states and the District of Columbia.
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