Healthcare DIVE April 3, 2024
Geisinger is the first health system to join Risant, but it’s far from the last — the hospital operator wants to acquire at least four additional nonprofits.
Risant Health has completed its acquisition of Pennsylvania-based health system Geisinger, marking the official launch of the fledgling hospital operator formed by California nonprofit giant Kaiser Permanente.
The deal closed roughly a year since it was first announced after being approved by state and federal agencies, Risant said on Tuesday.
Geisinger is the first health system to join Risant, but it’s far from the last. Risant expects to acquire four to five additional health systems over the next half decade, with the goal of reaching total revenue of between $30 billion and $35...
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