Kaiser Permanente’s acquisition of Group Health Cooperative became final in February, and with that, Group Health’s more than 651,000 members and more than 6,000 employees in Washington are now part of the largest integrated health system in the nation. With the acquisition, Kaiser Permanente now serves more than 11.3 million members in eight states and the District of Columbia, providing both care and coverage.
Through this acquisition, Kaiser Permanente expects to better meet the needs of individuals as well as large commercial and national accounts with employees who live and work in Washington. The move will bring Kaiser Permanente’s high-quality, affordable and accessible health care to an additional 19 counties in Washington State, with 25 primary care clinics in 17 cities, three urgent-care facilities, and four outpatient surgery centers. Kaiser Permanente will invest $1billion over the next decade to expand and modernize facilities and technology, and to improve care and service. There are no immediate changes to the member care and coverage.
For more information, read the full press release here:
About Kaiser Permanente
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America’s leading health care providers and not-for-profit health plans. Founded in 1945, Kaiser Permanente has a mission to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve more than 11.3 million members in eight states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal physicians, specialists and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education and the support of community health. For more information, go to: kp.org/share.
J.P. Morgan acted as exclusive financial advisors to Kaiser Permanente in the transaction.