Kaiser Permanente slowed its capital spending as it aims to get its costs under control.
However, the first quarter of this year proved more challenging on that front and its operating margin dipped. In a short earnings release, the Oakland, Calif.based system reported that its capital spending dropped to $740 million in the quarter, compared with $827 million during the same period last year. But the quarter still saw it open and renovate facilities in Colorado as well as Northern and Southern California. Kaiser also continued to add new members to its health plan, which now counts 10 million beneficiaries.