Fierce Healthcare August 28, 2024
Kaiser Permanente’s recently filed midyear financial statements have new information on its plans to bring North Carolina’s Cone Health under the Risant Health umbrella.
The plan, unveiled in June, represents the second acquisition target for Kaiser’s subsidiary after it closed on Geisinger Health in March. Risant Health aims to bring together regional health systems that will continue to operate independently while collaborating on a tech-backed value-based care platform.
According to the Tuesday afternoon filing, the acquisition agreement has Risant providing a minimum of $1 billion in capital—inclusive of Cone Health internally generated and Risant Health funds—to the system up to five years after the deal’s closing date. These funds will support investments in Cone Health’s facilities, health equity and other...
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