California health giant Kaiser Permanente is making a big move into Pa. with Geisinger acquisition

, announced Wednesday that it will acquire Pennsylvania’s Geisinger Health and form a new nonprofit corporation called Risant Health.Both Kaiser, which is based in California,

“Geisinger is excited for what joining Risant Health will mean both for our system and for the communities we serve in Pennsylvania,” he said in a news release. Risant will have its headquarters in Washington, D.C.The creation of Risant comes as giant multistate nonprofit health systems are facing questions about how they differ fromthey provide too little charity care and have accumulated huge investment portfolios.

Kaiser and Geisinger have been doing that for many years through their insurance arms, though with different models.also accept patients that have competitors’ insurance. In Pennsylvania, another major player with a similar approach isThomas Jefferson University adopted a similar model when it acquired Health Partners Plans. Inc., which has Medicaid and Medicare plans.

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California health giant Kaiser Permanente makes big move into Pa. with Geisinger acquisitionThe California-based health care giant's move into Pennsylvania comes as the industry experiences a period of financial tumult.
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