Connect with us

North Carolina

Risant Health plans to acquire North Carolina hospital system

Published

on

Risant Health plans to acquire North Carolina hospital system


Risant Health, the new organization founded by Kaiser Permanente, is planning to add its second hospital system.

Risant has announced plans to acquire Cone Health, based in Greensboro, North Carolina. Cone includes four acute care hospitals, a behavioral health facility, a health plan, and an accountable care organization caring for nearly 200,000 patients. Risant and Cone announced the plans late last week.

The move comes just a couple of months after Risant announced it had completed the acquisition of Geisinger Health in Pennsylvania.

In announcing its plans, Risant Health CEO Dr. Jaewon Ryu lauded Cone Health’s commitment to value-based care.

Advertisement

“Cone Health’s impressive work for decades in moving value-based care forward aligns so well with Risant Health’s vision for the future of healthcare,” Ryu said in a statement. “Their longstanding success and deep commitment to providing high-quality care to North Carolina communities make them an ideal fit to become a part of Risant Health.”

“We will work together to share our industry-leading expertise and innovation to expand access to value-based care to more people in the communities we serve,” Ryu said.

The organizations will need to secure the approval of regulators to complete the deal.

Under the plans, Cone Health will operate independently but will take advantage of resources and support from Risant Health.

Cone Health will retain its name and brand identity, along with its current leadership team and board of directors, the organizations said. Cone employs 13,000 workers and has 1,800 physicians.

Advertisement

Dr. Mary Jo Cagle, president and CEO of Cone Health, said joining Risant Health “presents a unique opportunity to shape the future of healthcare in the Triad, the state, and across the nation.”

“As part of Risant Health, Cone Health will build upon its long track record of success making evidence-based healthcare more accessible and affordable for more people. The people across the Triad will be among the first to benefit,” she said.

Risant has said its goal is to acquire community-based hospital systems focused on providing value-based care.

A nonprofit organization, Risant is based in Washington, D.C. Greg A. Adams, Kaiser Permanente’s CEO, is the chairman of Risant Health’s board and stressed the need for moving away from fee-for-service care.

“Risant Health has put a stake in the ground that care focused on evidence, equity, population health and improved outcomes must be the future of healthcare,” Adams said in a statement. “Models like that of Kaiser Permanente, Cone Health and Geisinger will help make that possible.”

Advertisement

After completing its acquisition of Geisinger in the spring, Risant reiterated its plans to acquire “4 to 5 additional leading community-based health systems over the next 4 to 5 years.”

Cone Health serves an area with strong growth and benefits from a favorable payer mix, with Medicaid and self-pay accounting for less than a fifth of its 2022 revenue, according to Fitch Ratings. Fitch has given Cone Health a stable outlook. Cone Health’s Triad market also boasts some big employers, and Toyota recently announced plans to invest nearly $8 billion and add nearly 3,000 jobs to a battery production plant.

Mae Douglas, chair of the Cone Health board of trustees, said the North Carolina system’s leadership weighed the prospect of joining Risant for more than a year.

“Through this agreement, we will continue to improve upon our long tradition of providing health and well-being to those we serve,” Douglas said in a statement.

Cone’s flagship hospital, Moses H. Cone Memorial Hospital in Greensboro is a teaching hospital with 628 beds. Alamance Regional Medical Center in Burlington has 238 beds, Wesley Long Hospital has 175 beds, and Annie Penn Hospital offers 110 acute care beds.

Advertisement

Kaiser Foundation Hospitals, a division of Kaiser Permanente, is designating up to $5 billion “to support core Risant Health capabilities, technologies, tools, and future investments,” according to financial documents filed last year.

Geisinger, which operates 10 hospital campuses and 134 healthcare sites, has kept its identity since being acquired by Risant Health.

Ryu served as president and CEO of Geisinger Health for five years before becoming the first CEO of Risant Health. Geisinger named Terry Gilliland, MD, as its new president and CEO.



Source link

Advertisement

North Carolina

What $500,000 buys you in North Carolina vs New Jersey is not even close

Published

on

What 0,000 buys you in North Carolina vs New Jersey is not even close


Before I came back to NJ 101.5 last August, I had a few months where things were quiet on the radio front in New Jersey and over in Philly. Quiet enough that my phone started ringing from other places.

Charlotte. Raleigh. Two separate conversations with two separate radio stations in North Carolina. I did the interviews. I listened to their stations carefully and gave their managers honest thoughts on how to improve their programming. I went far enough down the road that I had to actually think about it — not as a hypothetical, but as a real decision Linda and I would have to make about our lives.

I did not take either job. I came home to NJ 101.5 instead, which is exactly where I belong. But I spent enough time with those numbers — housing, taxes, cost of living — that they are still sitting in my head. And every time I read about another wave of New Jersey residents heading south, I think about what I saw.

What $500,000 buys you there

The median home price in Charlotte right now is around $415,000. In Raleigh it is around $426,000. That means $500,000 is not the ceiling — it is well above the median. It buys you a serious house. A newer construction home in a desirable suburb. Four bedrooms, three baths, a two-car garage, a backyard worth using. In some neighborhoods, a finished basement and a covered porch on top of that.

Advertisement

In and around New Jersey, $500,000 is a starting point for a conversation. In many parts of the state it gets you something modest. In Bergen, Morris or Essex County it barely qualifies as entry-level. The median home price in New Jersey sits around $584,000 — and that is the middle. Half the homes in the state cost more than that.

What $500,000 buys you here

The house math is only the beginning. The part that really stings is what comes after you buy it.

New Jersey’s effective property tax rate is 1.77 percent — the highest in the country. On a $500,000 home that is roughly $8,850 a year, and the statewide average bill has already pushed past $9,800. North Carolina’s effective property tax rate is 0.62 percent. On the same $500,000 home — the better house you bought for less money — that is about $3,100 a year.

The difference is more than $5,700 annually. Every single year. That is before you factor in that North Carolina has a flat income tax rate of 3.99 percent — dropping further — while New Jersey’s top rate hits 10.75 percent. That is before you factor in car insurance, which costs the average NJ driver about $3,400 a year compared to roughly $1,600 in North Carolina. That is before the tolls.

Add it up and the gap between living in New Jersey and living in Charlotte or Raleigh is not a number. It is a lifestyle.

Advertisement

What I found out about those cities

I want to be fair here, because during those months I paid real attention to both places. Charlotte feels like a city — South End, NoDa, Plaza Midwood, Dilworth. Real neighborhoods with restaurants and music and a downtown that works. Raleigh has the Research Triangle, Apple, Google, a university ecosystem that brings in young energy and jobs. The weather is genuinely good — not Florida humid, not the frozen tundra —this past winter fresh in our minds. 

Both cities are growing fast because people from New Jersey, New York, and Pennsylvania keep arriving and discovering what the math already told them.

I have my own South Carolina data point too. In May of 2020, at the peak of COVID, Linda and I drove down to Charleston for over a week. Our reason was straightforward — South Carolina was still largely open when New Jersey was not. Open restaurants. Open bars. Folly Beach was packed and alive while the Jersey Shore sat empty. I liked it there. I liked the pace, the vibe, the waterfront. I remember thinking, I could live here. And what your money buys you in Charleston versus here is its own kind of revelation.

SEE ALSO: 192,00 have left NJ since 2020 — Is your town next on the list 

Our home — 33 years and counting | photo by EJ

Our home — 33 years and counting | photo by EJ

So why didn’t I go

Because of thirty-three years in the same house. Because of raising two kids here. Because of the friends we have known since before any of this happened. Because holiday and summer weekend gatherings are not a flight away.

Advertisement

When I thought about it honestly — really honestly — I realized I would rather leave the business I love than leave the home, the family, and the community we have spent a lifetime building. That is what kept me here. Not the taxes. Not the property values. Not the math — which, as I have just laid out, loses badly.

I made peace with that. I am genuinely glad I stayed. I am exactly where I want to be.

People leaving New Jersey are not leaving because they want to. They are leaving because the math eventually wins. I just happened to be one of the ones for whom it did not.

At least not yet.

LOOK: Here’s where people in every state are moving to most

Stacker analyzed the Census Bureau’s 2019 American Community Survey data to determine the three most popular destinations for people moving out of each state.

Gallery Credit: Amanda Silvestri

Advertisement

 





Source link

Continue Reading

North Carolina

Why Paul McNeil Would Benefit From Another Season at NC State

Published

on

Why Paul McNeil Would Benefit From Another Season at NC State


RALEIGH — As NC State head coach Justin Gainey begins making noise in the transfer portal, one major retention question looms large over the program: What will Paul McNeil do? The sharpshooter reportedly intends to enter the transfer portal, although he hasn’t made things official yet. However, he left things open for a return to the Pack after spending the first two seasons of his career there.

McNeil could be a key bridge player for Gainey as he tries to rebuild NC State following a mass exodus in the final days of the Will Wade era, which lasted just one season. The sophomore guard established a close relationship with Wade during their lone year together and also potentially played himself into the NBA Draft conversation. Still, he might benefit most from sticking it out in Raleigh.


Gainey could add another element to McNeil

Advertisement

Tennessee associate head coach Justin Gainey during the NCAA Tournament Elite 8 game against Michigan at the United Center in Chicago on March 29, 2026. | Brianna Paciorka/News Sentinel / USA TODAY NETWORK via Imagn Images

Advertisement

NC State’s new coach established a reputation over his 20 years as an assistant as one of the best defensive coaches in the country. Most recently at Tennessee, Gainey helped the Volunteers become one of the most consistent and stingy defenses in the country in all five seasons he spent there, something many around Raleigh hope travels with Gainey.

At 6-foot-5, McNeil has the athleticism and wingspan to develop into a much stronger defender. He had several chase-down blocks and incredibly bouncy defensive highlights during the 2025-26 season under Wade. Gainey might see the potential in the talented guard and tap into it even further if he can convince him to stay, turning McNeil into a 3-and-D weapon.

Advertisement

An opportunity to leave a legacy

Feb 7, 2026; Raleigh, North Carolina, USA; NC State Wolfpack guard Quadir Copeland (11), forward Ven-Allen Lubin (22) and guard Jr. Paul McNeil (2) during the first half of the game against the Virginia Tech Hokies at Lenovo Center. Mandatory Credit: Jaylynn Nash-Imagn Images | Jaylynn Nash-Imagn Images
Advertisement

McNeil, like Gainey, is a native of North Carolina, hailing from nearby Rockingham. As a high schooler, the guard made a name for himself when he shattered the state record for most points in a game, scoring 71 points. He ultimately decided to stay close to home and chose NC State, joining then-coach Kevin Keatts. He stuck it out through one coaching change.

Advertisement

When he earned a starting role under Wade with his work ethic and incredible 3-point shooting, McNeil became a fan favorite at NC State. His confident personality and love for the area and school only helped with that. Now, he has a chance to take that love to another level if he chooses to stay in Raleigh for one more season.


Buying time for the pros

Advertisement

Mar 12, 2026; Charlotte, NC, USA; NC State Wolfpack guard Jr. Paul McNeil (2) pressured by Virginia Cavaliers guard Jacari White (6) during the second half at Spectrum Center. Mandatory Credit: Jim Dedmon-Imagn Images | Jim Dedmon-Imagn Images

There are completely reasonable financial reasons for McNeil to make a move, as some of the reported offers for other high-profile transfers are truly life-changing numbers for college athletes. However, if the decision comes down to NC State and the NBA Draft process, it’s probably in McNeil’s best interest to stay put for one more season.

Advertisement

After averaging 13.8 points on 42.7% from 3-point range in his sophomore year, McNeil’s usage and role would be even bigger should he choose to return to NC State. Another season with even gaudier numbers, coupled with potential defensive improvements under Gainey’s watch, could vault the guard from second-round pick into first-round conversations.




Source link

Advertisement
Continue Reading

North Carolina

Over 100 breweries tap into a brew-tiful 3rd annual NC Pint Day

Published

on

Over 100 breweries tap into a brew-tiful 3rd annual NC Pint Day


More than 100 breweries and retailers across North Carolina are pulling up chairs to celebrate the third annual North Carolina Pint Day on Sunday, April 12.

Pint Day is an initiative to help promote, prepare and protect independent craft breweries in North Carolina.

HIGHLAND BREWING FOUNDER IGNITES THE ASHEVILLE BEER SCENE, TAPPING INTO THE AMERICAN DREAM

Each year, the North Carolina Brewers Guild celebrates with a limited edition collectible pint glass. This year’s glass was designed by Asheville-based artist Sadie Tynch.

Advertisement

According to the North Carolina Brewers Guild website, the design illustrates a blend of North Carolina’s native wildlife, botanical life, music, agriculture and community.

“Three years in, NC Pint Day has become something bigger than the glass itself,” said Lisa Parker, Executive Director of the North Carolina Craft Brewers Guild, in a news release. “ North Carolina’s independent craft breweries have long doubled as third spaces and community anchors, the kind of places where a neighborhood fundraiser gets organized, a local band plays their first show, or two strangers end up talking for hours. This glass is a celebration of that!”

According to a news release, with every glass bought, $1 will be sold directly to the North Carolina Craft Brewers Guild’s work for advocating, educating, and promoting the state’s craft brewing industry.

ASHEVILLE, MILLS RIVER BREWERIES WIN BIG AT THE 2025 WORLD BEER CUP

NC Pint Day is part of the Guild’s Hop into Spring campaign that encourages North Carolinians and visitors to explore, enjoy, and support local breweries across the state.

Advertisement

For a full list of participating breweries, visit here.



Source link

Continue Reading

Trending