# Cone Health

Cone Health is an Endowment / Foundation based in Greensboro, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Greensboro, United States
- **Region:** North America
- **Address:** Greensboro, NC, United States
- **Founded:** 1953
- **Assets under management:** Undisclosed
- **Website:** conehealth.com
- **LinkedIn:** https://www.linkedin.com/company/cone-health

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare Services

## People

- Bernie Sherry — Interim Chief Executive Officer
- Mary Jo Cagle — Former President and Chief Executive Officer

## 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.

### 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.

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Last updated: 2026-06-03T20:00:00.000Z

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