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Wakemed

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Triangle health merger tests WakeMed leadership as two top executives depart
business1 month ago

Triangle health merger tests WakeMed leadership as two top executives depart

WakeMed loses two veteran executives—COO Thomas Gough to Baptist Health in Florida and Chief Physician Executive Seth Brody to UNC Health—as its proposed merger with Atrium Health moves forward amid county-level scrutiny. The Wake County Board must approve changes to WakeMed’s incorporation before the deal can close, a process delayed by concerns about patient costs. Atrium promises substantial regional investment and expanded care, while analysts note that leadership turnover is common during mergers and may not derail the transaction.

via WRAL|
#atrium-health#business#executive-exits
NC healthcare giants unveil $2B merger to boost jobs and care access
business5 months ago

NC healthcare giants unveil $2B merger to boost jobs and care access

Atrium Health and WakeMed announced a $2 billion merger that would unite North Carolina’s largest health system with its Triangle-based provider, create about 3,300 new jobs over five years, expand services for roughly 1 million residents, launch the state’s largest virtual care network, and strengthen mental-health services, with a Wake County vote scheduled and a regulatory review to follow.

via Charlotte Observer|
#atrium-health#business#healthcare-merger
Atrium Health moves to unify WakeMed in a $2B expansion push
business5 months ago

Atrium Health moves to unify WakeMed in a $2B expansion push

Atrium Health plans to take control of WakeMed in a deal that could bring about $2 billion in new investment, expanding WakeMed's access to capital and clinical trials while extending Atrium's footprint in the Triangle. The transaction, which WakeMed’s board approved and county commissioners must vote on, would keep WakeMed as a separate entity with Atrium as the sole corporate member of its owning nonprofit, and is expected to create about 3,300 jobs amid regulatory scrutiny and concerns about reduced competition with UNC Health and Duke Health.

via WRAL|
#advocate-health#atrium-health#business
Atrium Health moves to merge with WakeMed, widening NC hospital footprint
business5 months ago

Atrium Health moves to merge with WakeMed, widening NC hospital footprint

Charlotte-based Atrium Health plans to merge with Raleigh-based WakeMed Health & Hospitals, expanding Atrium’s reach to five WakeMed hospitals and about 3,300 new jobs with more than $2 billion in investment for Wake County. The deal would reshape North Carolina’s health-care market, potentially boosting insurer bargaining power while raising concerns about higher costs without clear quality gains, prompting calls from state officials for careful antitrust scrutiny. Smaller systems see consolidation as a hedge against Medicaid cuts (HR 1), and Atrium’s “combination” structures add complexity to public oversight. Wake County’s board will vote on a transfer agreement amendment related to the deal.

via North Carolina Health News|
#atrium-health#business#competitionantitrust-concerns
Rare Skin Condition Causes Hospitalization for Multiple Children
health1 year ago

Rare Skin Condition Causes Hospitalization for Multiple Children

Several children in Wake County have been hospitalized with a rare and painful skin condition called Ritter's Disease (staphylococcal scalding skin syndrome), which can cause widespread redness, itching, and pain. The condition, caused by a bacterial toxin, is contagious and often misdiagnosed, but early medical treatment can help. Parents are advised to seek prompt medical attention if symptoms appear.

via WRAL.com|
#children#health#infection