Risant Health to invest $1 billion in Cone Health

Risant Health will make available a minimum of $1 billion in capital to Cone Health over the next five years to support investments in facilities, health equity and other capital projects, according to a financial filing by Kaiser Permanente.

Risant Health will also assure funding of up to $400 million during the five-year Capital Commitment Period to support Cone Health’s transition and integration into Risant Health, including initial implementation into the value-based platform.

The Kaiser-created nonprofit is also ensuring funding of up to $300 million for growth opportunities in the 10 years following the closing date with...