Kaiser Permanente’s Risant Health has named North Carolina’s Cone Health as the second acquisition target on its path toward a multisystem, multiregional value-based care entity. The organization said they have signed a definitive agreement for the acquisition, and that Cone Health would continue to operate independently should the deal close. The announcement comes about two and a half months after Kaiser and Risant closed the acquisition of its first health system partner, Pennsylvania-based Geisinger Health. Cone Health is smaller than Geisinger, but still fairly substantial within North Carolina’s Piedmont Triad metro area and the surrounding counties. The nonprofit operates four acute care hospitals, a behavioral health facility, a health plan and an accountable care organization, the latter of which work with nearly 200,000 patients.
Read the full article: Kaiser Permanente’s Risant Health Signs Deal to Acquire Cone Health //
Source: https://www.fiercehealthcare.com/providers/kaiser-permanentes-risant-health-signs-deal-acquire-cone-health