Kaiser Permanente and Renown Health have wrapped the paperwork on a deal forming an insurance and outpatient care joint venture in northern Nevada.
The arrangement announced last September (see below) represents an entry into the geographic market for Kaiser, the country’s largest nonprofit health system. It brings Hometown Health—an existing health plan run by Renown Health, a Reno-based, two-hospital nonprofit system—plus an existing primary care medical office under joint ownership. The partners have plans to open two more facilities in 2026, plus retail pharmacies in 2027.
“This joint venture with Renown Health allows us to extend our value-based care model and nation-leading health outcomes to northern Nevada, in collaboration with Renown Health’s trusted local teams,” Greg Adams, chair and CEO of Kaiser, said in a Tuesday announcement. “Together, we will improve health outcomes; expand access to affordable, high-quality care; and serve the needs of this growing community.”
Financial terms of the transaction were not disclosed.
There are no immediate changes to coverage, care teams or benefits for Hometown Health or Kaiser members, though the partners said new health plan options are in development and will be shared before the fall’s open enrollment. The deal also sees Kaiser’s members gaining access to “a full spectrum” of medical services delivered by Renown Health.
The pair capped their announcement of the transaction’s close by announcing a new leadership team for the region: Trish Rodriguez, formerly a senior vice president within Kaiser’s Northern California unit, as regional president; Mark Roberts, M.D., formerly assistant physician-in-chief for The Permanente Medical Group at Kaiser Permanente Roseville, as executive medical director; and Bethany Sexton, formerly Hometown Health’s CEO, as health plan leader.