Kaiser Permanente’s entity, Risant Health, has acquired Geisinger Health, completing a transaction that was finalized March 31 and announced today by both Risant Health and Geisinger.
No terms of the acquisition were announced by either party; although Risant announced in its news release that it intends to acquire four or five community-based health systems within the next five years.
Risant Health, a non-profit, charitable organization headquartered in Washington, DC, was created by Kaiser Foundation Hospitals in 2023. Pennsylvania-based Geisinger, a non-profit system, is reported to generate $10 billion in annual revenue across 134 care sites.
More details to follow.
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