Kaiser Permanente to Acquire Geisinger

NYT HEALTH: Kaiser Permanente to Acquire Geisinger
By Reed Abelson
Section: Health
Source: New York Times
Published Date: April 26, 2023 at 03:00AM

The California health care organization will create a new nonprofit that aims to acquire a half-dozen additional community health systems.

Kaiser Permanente, a large California-based health care group with 39 hospitals and 24,000 doctors, said on Wednesday that it expected to acquire Geisinger Health, a smaller East Coast group, in an effort to develop a new company that would operate nonprofit community health systems.
“If we can take much of what is in our value-based care platform and extend that to these leading community health systems, then we extend our mission,” Greg A. Adams, Kaiser’s chairman and chief executive, said in an interview. “We reach more people, we drive greater affordability for health care in this country.” Both organizations are nonprofit.
Kaiser will not absorb Geisinger, which will keep its name. Instead, Geisinger, which is headquartered in Danville, Pa., will be folded into Risant Health, a new nonprofit group that will operate independently. Geisinger’s chief executive, Dr. Jaewon Ryu, will serve as Risant’s chief executive when the deal is closed.

Read more: https://www.nytimes.com/2023/04/26/health/kaiser-permanente-geisinger.html