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Atrium Health Expands in NC After Controversial Merger with WakeMed Gets Local Approval
The revised agreement adds a $150 million community fund, stronger charity care requirements and a $2 billion investment pledge from Atrium Health.
- On Monday, the Wake County Board of Commissioners voted 5-2 to approve a transfer agreement, allowing WakeMed to be absorbed into the Atrium Health chain and advancing the merger to federal regulatory review.
- WakeMed leadership pursued the acquisition to secure a $2 billion capital infusion, citing that the hospital system's aging Raleigh campus requires at least $1 billion in renovations to remain competitive amid industry consolidation.
- Revised deal terms include a $150 million Wake County Whole Health Program, a commitment to spend $15 million annually for 10 years on mental health services, and an increase in charity care to 8% of adjusted revenues.
- Despite approval, commissioners Vickie Adamson and Tara Waters voted against the merger, while State Treasurer Brad Briner warned that state workers could face health insurance premium increases of up to $15 monthly.
- The merger remains subject to federal regulatory review by the Federal Trade Commission and the Department of Justice, with the process expected to take several months before final approval is granted.
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What’s next for Atrium-WakeMed deal? Inside the next steps and the last-minute fight for concessions
A proposed merger between Atrium Health and WakeMed cleared one hurdle after the hospitals made promises to win support from Gov. Josh Stein and others. But critics remain, and the deal isn’t done yet.
·Raleigh, United States
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The Daily Herald
The Daily HeraldBriner: Wake Med, Atrium Health merger threatens State Health Plan solvency
(The Center Square) – Keeping the State Health Plan and other employee plans solvent will be tougher if the merger of Wake Med and Atrium Health reaches the finish line, first-term Republican Brad Briner said Tuesday.
Coverage Details
Total News Sources11
Leaning Left3Leaning Right2Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 27%
C 55%
R 18%
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