The acquisition is set to give Integris access to extra capital and technology at a time when many health systems are being hit by rising expenses.

California nonprofit giant Kaiser launched Risant in 2024, billing the venture as an effort to increase access to value-based care across the U.S. while stabilizing the finances of smaller nonprofits.

Risant, which snapped up Pennsylvania-based health system Geisinger in 2024 and North Carolina-based Cone Health in 2025, has also boosted Kaiser’s bottom line: the companies, which report finances together, brought in combined net income of $7.3 billion in the first half of the year, up from $5.3 billion last year.

Market watchers expected Risant to continue growing, given Kaiser said the organization was aiming for five buys at the time of its launch. Now, Risant has zeroed in on its latest acquisition: Oklahoma City-based Integris, which runs 20 acute and specialty hospitals along with the largest physician network in the state.

Joining with Risant could be a major boon for Integris, which will gain access to more capital and technology at a time of rising expenses.

“These are investments and capabilities we couldn't make or build on our own, not at this scale and not this fast,” Timothy Pehrson, CEO at Integris, said in the Wednesday press release.

In April, Integris told its local ABC news affiliate that it expects revenue losses of more than $130 million in 2026 due to Medicare and Medicaid funding cuts from the GOP’s “Big Beautiful Bill” signed into law last year, as well as expected service line and staff reductions.

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