The Seattle-based pharmacy is planning to stay closed until 2019, but will not go out of business, Kaiser’s chief financial officer said Thursday.
Kaiser said in a letter that it has made a decision to stay in business “due to the strong performance of the company in the market.”
The pharmacy plans, or plans, are based on its revenue and net profit.
It is one of several health care facilities that is expected to announce plans next week.
The Kaiser letter says Kaiser will have to pay more than $300 million in taxes this year, and that it plans to spend an additional $400 million in 2017.
“Kaiser has demonstrated a remarkable level of performance in recent years, including achieving a 25 percent reduction in overall cost of health care, and a significant reduction in the number of days the company has to close its doors,” it said.
In a separate letter, Kaiser said it expects to spend about $250 million in tax-filing this year.
It also said it will hire additional employees in 2017, and expects to hire about 300 workers by 2019.
Read the letter here:Kaiser, Lees, Stollman and Pfeifer are among about 200 health care providers that are facing budget cuts and layoffs amid a slowdown in the economy.