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Risant Health completes acquisition of Cone Health
Healthcare DIVE December 4, 2024
It’s the second of at least five planned buys for the Kaiser Permanente-backed nonprofit health system.
Dive Brief:
- Risant Health completed its purchase of Cone Health — a five-hospital health system based in Greensboro, North Carolina — on Tuesday, the system’s second acquisition since launching earlier this year.
- Risant will invest at least $1.4 billion into Cone over the next five years to develop Cone facilities and integrate the system into Risant, and up to $300 million more over 10 years to support Cone’s growth, according to a November securities filing from Risant’s parent company, Kaiser Permanente.
- Cone Health will maintain its brand, board and leadership team, including CEO Mary Jo Cagle, according to the press release.
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