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Cone Health
Cone Health is a not-for-profit healthcare provider based in Greensboro, North Carolina. Founded in 1953, the company offers hospital care, outpatient surgery,...
Cone Health
Cone Health is a not-for-profit healthcare provider based in Greensboro, North Carolina. Founded in 1953, the company offers hospital care, outpatient surgery, urgent care, retirement community services, and a network of physician practices to the central North Carolina region. Cone Health was acquired by Risant Health in June 2024.
General information
Firm type
Endowment / Foundation
Year founded
1953
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Greensboro
Corporate office
Greensboro, NC, United States
Principals
Bernie Sherry
Interim Chief Executive Officer
Mary Jo Cagle
Former President and Chief Executive Officer
Sector focus
Frequently asked questions
What entity owns Cone Health's investment assets?
Cone Health itself holds the system's operational assets — five hospitals, medical office buildings, outpatient centers, and associated land. The Cone Health Foundation operates as a separate philanthropic grantmaking entity. Neither the health system nor its foundation publicly reports portfolio-level investment assets as a distinct endowment pool in the manner of a university or private foundation.
How does the Risant Health acquisition change Cone Health's governance?
Under the December 2024 acquisition, Cone Health became a subsidiary of Risant Health, the nonprofit platform Kaiser Permanente created to scale value-based care nationally. Cone Health retains its own hospital licenses, clinical staff, and community board, but capital allocation and strategic direction now flow through Risant Health's value-based care framework.
What is Triad HealthCare Network and how does it relate to Cone Health?
Triad HealthCare Network is a physician-led accountable care organization affiliated with Cone Health. It manages value-based contracts and care coordination for populations across the Triad region of North Carolina. The network represents Cone Health's direct operational bet on risk-bearing, capitated-payment models rather than fee-for-service reimbursement.
Does Cone Health Foundation make grants to entities outside North Carolina?
The Cone Health Foundation's grantmaking focuses on community health priorities within the system's North Carolina service area. Its membership in the national organization Grantmakers In Health suggests peer engagement, but public grant records indicate regional concentration within the Triad area.
Is Cone Health a traditional foundation with an investment portfolio?
No. Cone Health is an integrated healthcare delivery system, not an endowed foundation with a liquid investment portfolio. Its 'assets' are primarily operating hospitals, clinics, and real estate. The Cone Health Foundation — a separate legal entity — handles charitable grantmaking but does not publicly report endowment investment allocations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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