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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.
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- ◦Sale/Acquisition


