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Kaiser Permanente finalizes Group Health Cooperative deal

Kaiser Permanente has closed its acquisition of Group Health Cooperative.

The transaction adds more than 651,000 members and more than 6,000 employees in Washington to Kaiser Permanente. There will be no immediate changes to coverage and care provided to members.

Kaiser Permanente will invest $1 billion for infrastructure changes and care and service improvements.

J.P. Morgan served as exclusive financial adviser to Kaiser Permanente.