Randolph Health and Cone Health Sign Non-Binding Letter of Intent

The chairs of the governing boards of Randolph Health and Cone Health have signed a non-binding letter of intent. The agreement does not commit either organization to a future affiliation. However, it is the next step in a due diligence process that began in January. The letter comes after extended discussions over the framework for a potential integration. The non-binding letter of intent spells out several initial points: Cone Health would commit to a more than $100 million investment, including upgrading facilities and technology at Randolph Health. The core health…

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