News Headlines Article

Why Kaiser and Dignity Health decided to join forces in Stockton
Sacramento Business Journal

Dignity Health and Kaiser Permanente have agreed to joint ownership of St. Joseph’s Medical Center in Stockton. Dignity Health will keep an 80 percent ownership interest in the hospital and related operations. Kaiser will buy a 20 percent interest, the two companies announced Monday. The deal is expected to close in mid-2016. The agreement creates an unusual partnership that could bolster a hospital in a challenging market, stabilize volume for Dignity Health and allow Kaiser to make a long-term investment in an existing hospital rather than building one itself.