Kaiser Permanente To Acquire Group Health Cooperative In Washington State

Non-profit Kaiser Permanente plans to acquire the non-profit Group Health Cooperative health plan in Washington State, which will become the eighth Kaiser Permanente region. The combination will advance the growth of the integrated model for health care and coverage together and expand Kaiser Permanente’s reach, adding nearly 590,000 members. Proceeds of the transaction, an estimated $1.8 billion, will be used to fund the creation of a new, not-for-profit community foundation, with the goal of improving community health. The goal of the foundation is aligned with Kaiser Permanente’s mission and commitment to community . . .