Less than six months after announcing the deal, Cone Health has officially been acquired by Risant Health. See what that means for the Greensboro-based health system.

Risant first unveiled plans to acquire Cone Health in June. The deal is one of at least five planned buys for Risant, a nonprofit health system formed last year by Kaiser to acquire and operate nonprofit health systems.

Risant Health completed its acquisition of Cone Health, bringing the nonprofit health system under its umbrella following the acquisition of Geisinger back in March. | Risant Health completed its acquisition of Cone Health,

Cone Health and Risant Health confirmed Tuesday a pledge made in June that Cone will “maintain its brand, name and mission, and maintain its own board, chief executive and leadership

Risant Health today announced that it has received all required regulatory approvals and has completed its transaction with Cone Health. This is the second nonprofit health system to become part of Risant Health this year.

Cone Health is the second health system to join Risant, which plans to acquire a few more systems in the coming years.

Risant Health has completed its acquisition of Cone Health, marking the consolidation of two nonprofit health systems. The definitive agreement, signed in June 2024, received all necessary regulatory approvals, culminating in a finalised transaction with no purchase value and exchange of cash.