Kaiser Permanente’s Risant Health has tapped Oklahoma’s largest nonprofit provider as the next to join its growing cadre of regional health systems.
Integris Health and the nonprofit value-based care platform announced Wednesday their signed definitive agreement, which is subject to regulatory review but could close in early 2027. Financial terms were not disclosed.
The deal would make Integris the third regional health system to join Risant, following Pennsylvania’s Geisinger Health and North Carolina’s Cone Health, both deals that closed in 2024.
The arrangement, the nonprofits said, will largely keep Integris’ operations and leadership intact while supplying external investment to fuel improvements in technology and care delivery.
“Together, Risant Health and its organizations are moving healthcare from siloed, episodic care to a value-based care approach with an increased focus on evidence-based care that achieves healthier outcomes for more people,” Kaiser Permanente Chair and CEO Greg Adams said in the announcement. “Integris Health’s expertise in complex clinical services, combined with its experiences in value-based care, offers an opportunity to continue improving health and affordability for the people of Oklahoma.”
Oklahoma City-based Integris employs 13,000 people and comprises 10 acute and 10 specialty hospitals, plus a collection of clinics and urgent care centers as well as the state’s largest physician network.
The nonprofit system reported $3.3 billion in total operating revenues, a $22.3 million operating loss (-0.7% operating margin) and $12 million net income (attributable to Integris Health) in the fiscal year ended June 30, 2025. Across the nine-month period ended March 2026, its most recently reported window, the system increased its operating revenues 8.9% year over year, logged a narrow $1.1 million operating loss (0% operating margin) and a $17.9 million bottom line.
Though Risant Health would become its corporate parent, Integris is set to retain its brand, medical staff, leadership and governing boards under the deal, with CEO Timothy Pehrson stressing in a video announcement that “any dollar anyone has ever given to Integris Health stays here at Integris Health.”
Rather, the organizations pointed to operating improvements at Risant’s other systems as a model. At Geisinger Community Medical Center, for instance, a program implementation has sped up average time to care in its emergency department by about 60% through May 31, 2026, while a value-based care guide implemented at the system for primary care providers has eliminated 490 unneeded specialty visits through June 30. Ambient clinical assistants implemented at Cone Health reduced clinician documentation by nearly 14% per patient encounter as of June 30, per the announcement.
“Becoming part of Risant Health is about delivering on our mission—partnering with people to live healthier lives—but faster,” Pehrson said in the announcement. “This will be done by adding resources, proven value-based care capabilities and investments in our hospitals and clinics, in growth, in technology, and in the clinical enablers that will help our physicians and nurses serve our communities better. These are investments and capabilities we couldn't make or build on our own, not at this scale and not this fast.”
Kaiser Permanente, the country’s largest nonprofit health system, launched its Risant Health subsidiary in early 2023 with plans to invest about $5 billion in about half a dozen regional health systems it would absorb over a five-year period. The unit’s end goal is to hit total revenues between $30 billion and $35 billion at the end of that window, with each system operating independently while collaborating at scale on tech-backed value-based care strategies.
Kaiser Permanente logged $127.7 billion total operating revenue in 2025, as well as a $1.4 billion operating income (1.1% operating margin) and $9.3 billion net income.
Those numbers are inclusive of Risant Health, with the subsidiary alone tallying $12.6 billion of total operating revenues in 2025. Halfway across 2026, Risant’s two member systems have logged over $6.7 billion of total operating revenues, per financial filings.
The unit is also in the midst of a leadership transition, with inaugural CEO Jaewon Ryu stepping down for family reasons in July and former Presbyterian Healthcare Services head Dale Maxwell currently filling the role in an interim capacity.