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HEALTHCARE
NEWS
ADVERTISINGINDEX
Note: Ad page number(s) given in parentheses
nimble solutions. nimblercm.com (pg. 24)
Stryker ASC. stryker.com/asc (pgs. 7-10)
Xenco Medical. xencomedical.com (pg. 23)
Xtant Medical. xtantmedical.com (pg. 3)
Kaiser Permanente acquiring Geisinger to launch
Risant Health
By Andrew Cass
O
akland, Calif.-based Kaiser Permanente has agreed to acquire
Geisinger Health in a deal that will make the Danville, Pa.-
based health system the first to join Risant Health, a new
nonprofit organization created by the Kaiser Foundation Hospitals.
Risant Health aims to expand and accelerate the adoption of value-
based care in "diverse, multi-payer, multi-provider, community-based
health system environments," according to an April 26 news release
from Kaiser Permanente and Geisinger.
e deal is subject to regulatory approval. e transaction is not
structured as a traditional purchase, but Kaiser Permanente is
expected to provide about $5 billion in funding for Risant Health, e
Wall Street Journal reported April 26.
Risant Health plans to acquire four or five more health systems and
get to a total revenue of $30 billion to $35 billion over the next five
years, officials told the Journal.
Health systems that become a part of Risant Health will continue to
operate as regional or community-based health systems while gaining
support through Risant's value-based platform, according to the
release.
Geisinger will maintain its name and mission, according to the release.
As the first system to become part of Risant Health, it will be involved
in developing the organization's strategy and operational model.
Geisinger President and CEO Jaewon Ryu, MD, will transition to the
role of Risant Health CEO once the transaction closes, according to
the release. n
