California-based integrated health system Kaiser today announced plans to fold East Coast regional operator Geisinger into a new company, called Risant Health, that will operate nonprofit community health systems. Risant will operate separately from Kaiser and be led by Geisinger CEO Jaewon Ryu when the deal closes, pending regulatory approval.
Kaiser plans to spend $5 billion in Risant Health over the next five years, and add five or six health systems to Risant over that period.
Kaiser Foundation Hospitals and Geisinger Health are announcing the launch of Risant Health and a definitive agreement to make Geisinger the first health system to join Risant Health to expand access to value-based care in more communities across the country.
Health systems that become part of Risant Health will continue to operate as regional or community-based health systems serving and meeting the needs of their communities, providers and health plans while gaining expertise, resources, and support through Risant Health’s value-based platform. Risant Health will operate separately and distinctly from Kaiser Permanente’s core integrated care and coverage model while building upon Kaiser Permanente’s 80 years of expertise in value-based care. Read more.
