Hogan Lovells represents Kaiser Foundation Hospitals in its launch of Risant Health and in its acquisition of Geisinger Health

Hogan Lovells represents Kaiser Foundation Hospitals in its launch of Risant Health and in its acquisition of Geisinger Health

Press releases | 09 April 2024

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.