Healthcare DIVE August 29, 2024
The Kaiser Permanente-backed nonprofit health system will invest in facility upgrades and health equity initiatives after it cinches its second acquisition.
Dive Brief:
- Risant Health plans to invest north of $1 billion in capital into its next investment: Greensboro, North Carolina-based Cone Health, according to financial documents filed Tuesday.
- The Kaiser Permanente-backed nonprofit health system will spend the funds over the course of five years post-acquisition on facility upgrades and health quality initiatives at Cone, according to Kaiser.
- Risant will also allocate up to $400 million to integrate Cone into its network and up to $300 million over the next decade to support “growth opportunities” at Cone, according to the filing.
Dive Insight:
Risant entered into a definitive...
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