Kaiser Permanente's newly established Risant Health unit is set to acquire Cone Health, aiming to build a network of nonprofit health systems across the United States. Cone Health reported $2.9 billion in revenue in 2023 and has remained profitable in 2024. This acquisition marks Risant Health's second hospital system purchase, targeting health systems in less favorable markets with its risk chassis.
Kaiser-backed Risant Health acquires second hospital system https://t.co/ql0o7udF9g
Kaiser Permanente’s new Risant Health unit plans to acquire Cone Health, in a deal to build a network of nonprofit health systems across the U.S. https://t.co/r4VzETSKz8 via @WSJ
Risant's acquisition of Cone continues to target health systems who are looking for growth avenues (and ...maybe aren't in the best markets) with risk chassis. Look at Cone's footprint: Cone Health did $2.9B in revenue in 2023 and is profitable so far in 2024. But expenses are… https://t.co/UqMM849osK
Risant's next acquisition - Cone Health!! https://t.co/wvNseK8z8E
Exclusive: Kaiser Permanente’s new Risant Health unit plans to acquire Cone Health, in a deal to build a network of nonprofit health systems across the U.S. https://t.co/lkBQH3wnxA via @WSJ
Exclusive: Kaiser Permanente’s new Risant Health unit plans to acquire Cone Health, in a deal to build a network of nonprofit health systems across the U.S. https://t.co/CHO2t5yGOL https://t.co/CHO2t5yGOL
California system investing $250M in ambulatory care network https://t.co/PLjZ771ubI