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Rivals Kaiser and Dignity team up to jointly own hospital
Modern Healthcare

Kaiser Permanente and Dignity Health will jointly own St. Joseph’s Medical Center in Stockton, Calif., the two companies announced this week. Kaiser, an eight-state healthcare organization based in Oakland, will buy a 20% stake in the hospital now owned by San Francisco-based Dignity Health. Dignity Health, a 21-state health system, will own 80% of the hospital, according to a Kaiser press release announcing the deal. Kaiser declined to disclose the value of its investment. St. Joseph’s Medical Center will be governed by a joint board, with four members from Dignity and three from Kaiser.