Becker's Healthcare December 5, 2024
Risant Health, a nonprofit formed by Oakland, Calif.-based Kaiser Permanente, has acquired two health systems in the last 10 months and plans to acquire three to four more systems over the next five years to grow into a company with $30 billion to $35 billion in annual revenue.
Fourteen things to know:
1. Risant launched in April 2023 and completed its acquisition of Danville, Pa.-based Geisinger Health, a 10-hospital system, one year later. After the transaction closed, Jaewon Ryu, MD, former president and CEO of Geisinger, was appointed CEO of Risant, with Terry Gilliland, MD, becoming president and CEO of Geisinger.
2. Risant will make a minimum of $2 billion available to Geisinger — inclusive of any Geisinger internally...
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