February 3, 2017
Oakland, Calif.-based Kaiser Permanente completed its $1.8 billion acquisition of Seattle-based health plan Group Health Cooperative. The integrated healthcare system now provides coverage to more than 11.3 million members in eight states and residents in Washington, D.C.
Under the terms of the agreement, Kaiser will invest $1 billion to expand Group Health's facilities and technology to improve its services in the next decade. The organization will also rebrand itself as Washington Permanente Medical Group. There will be no immediate changes to members' care or coverage during the transition.
The two institutions began discussing a possible merger agreement in December 2015.
