Hogan Lovells represents Kaiser Foundation Hospitals in its launch of Risant Health and in its acquisition of Geisinger Health
Washington, D.C., 9 April 2024 – Global law firm Hogan Lovells represented Kaiser Foundation Hospitals in its launch of Risant Health and in Risant’s acquisition of Geisinger Health, a US$10 billion health system with ten hospitals, multiple health insurance companies, and a medical school.
Risant is a new nonprofit organization formed by Kaiser whose goal is to expand and accelerate the adoption of value-based care in diverse, multipayer, multiprovider, community-based health system environments and improve the health of millions of people across the country. Risant will create a new value-based care platform that includes best practices, tools, technology, and services to support leading community-based health systems.
Geisinger is the first health system to join Risant and Risant expects to acquire 4 to 5 additional leading community-based health systems over the next 4 to 5 years.
The cross-office Hogan Lovells team, led by partners Cliff Stromberg (Health, Washington, D.C.) and Michael Snow (M&A, Washington, D.C.), with invaluable support from associate Nicole Park (M&A, New York), included attorneys from twenty practice areas including, Antitrust, Competition and Economic Regulation; Environment and Natural Resources; Real Estate; Health; Privacy and Cybersecurity; Mergers and Acquisitions; Banking and Loan Finance; Communications, Internet and Media; Employment; Benefits; Tax; Education; Government Contracts; Litigation; Intellectual Property, Media and Technology; Transportation; Energy; Insurance; Government Relations and Pharmaceuticals and Biotechnology. The Hogan Lovells team worked closely with the talented team of Kaiser in-house attorneys.