Risant Health is expected to improve value-based care. Credit: Sasun Bughdaryan on Unsplash.

California-based integrated managed care group Kaiser Permanente has signed a definitive agreement to acquire Pennsylvania healthcare provider Geisinger.

The value of the deal, which awaits regulatory approval, has not been disclosed.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Kaiser Permanente has a network of 39 hospitals and 24,000 doctors. 

Meanwhile, the two companies have also announced the launch of Risant Health, which is a new nonprofit organisation created by Kaiser Foundation Hospitals.

Geisinger will be the first health system to join Risant Health.

See Also:

Risant has been set up with the aim of expanding value-based care in varied community-based health system environments. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It plans to expand through acquisition and collaboration with a portfolio of nonprofit, community-based health systems that share similar values and are rooted in their respective communities.

Risant Health will operate independently from Kaiser Permanente’s primary integrated care and coverage model.

Upon joining Risant Health, Geisinger is expected to enhance its services further while retaining its name.

Risant Health has chosen Dr Jaewon Ryu to be its CEO.

Following the completion of the deal between Risant Health and Geisinger, Dr Ryu will step down from his current position as president and CEO of Geisinger Health.

Kaiser Permanente chair and CEO Greg A Adams said: “Our mission calls on us to find new ways to promote high-quality, affordable and evidence-based care with equitable and improved health outcomes.

“Through Risant Health, we will make our value-based care expertise, technology and services available to community-based health systems like Geisinger to strengthen their ability to provide value-based care models with a focus on high-quality and equitable health outcomes.”