Dive Brief:

Nonprofit giant Kaiser Permanente is expanding into Nevada next year through a partnership with academic health system Renown Health.

Kaiser and Renown have signed a definitive agreement to jointly own and operate a health plan and ambulatory health system in northern Nevada, the companies announced Wednesday. The joint venture will be called Kaiser Permanente Nevada .

As part of the agreement, Kaiser plans to purchase a majority stake in Renown Health’s insurance arm, Hometown Health, which currently serves more than 73,000 members. Kaiser and Renown did not respond to questions about the financial terms of the deal, but a Renown spokesperson said that proceeds would be reinvested back into the joint venture.

Dive Insight:

Kaiser’s push to expand its market size comes a

See Full Page