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California  + Bay Area  + Healthcare  | 

Kaiser Permanente Launches Expansion Strategy with Pennsylvania Acquisition

Kaiser Permanente is acquiring Danville, PA-based Geisinger Health, a network of 10 hospitals, simultaneously launching a new value-based healthcare initiative, Risant Health. The acquisition, expected to close in early 2024, marks the beginning of an expansion push by Oakland-based Kaiser. 

“In addition to Geisinger, Risant Health will grow its impact by acquiring and connecting a portfolio of like-minded, nonprofit, value-oriented community-based health systems anchored in their respective communities,” Kaiser said in a release.  

Health systems that become part of Risant Health will continue to operate as regional or community-based health systems serving and meeting the needs of their communities, providers and health plans while gaining expertise, resources and support through Risant Health’s value-based platform, according to Kaiser. Risant Health will operate separately and distinctly from Kaiser Permanente’s core integrated care and coverage model while building upon Kaiser’s 80 years’ experience in value-based care.

Meet CRE experts like Red Oak Capital Holdings CEO Gary Bechtel by joining us in person at Connect LA on May 3 at the Hotel Indigo.   

Read More News Stories About: Red Oak Capital Holdings
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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