GREENSBORO — Cone Health has signed a letter of intent to merge with Norfolk, Va.-based Sentara Healthcare, the company announced Wednesday, Aug. 12.
Cone Health owns Alamance Regional Medical Center and MedCenter Mebane.
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GREENSBORO — Cone Health has signed a letter of intent to merge with Norfolk, Va.-based Sentara Healthcare, the company announced Wednesday, Aug. 12.
Cone Health owns Alamance Regional Medical Center and MedCenter Mebane.
“The merger will create a combined organization with a unique value-based approach that is focused on keeping people healthy and well, while providing high-quality, accessible and affordable health care in more ways and in more places,” Cone Health said.
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Cone’s Board of Trustees voted unanimously to sign the letter of intent, Cone said.
Cone’s and Sentara’s communities don’t overlap, so the merger won’t mean fewer healthcare and insurance options, Cone said. “Currently nothing changes for patients, physicians, staff or health plan members at Cone Health and Sentara,” Cone said.
Sentara President and CEO Howard Kern will lead the combined organization from Norfolk. Cone CEO Terry Akin will remain in Greensboro as president of the Cone Health division. Cone representatives will join Sentara's board, and Cone’s Regional Board will continue with community members, medical staff and Sentara representatives.
“There will be health insurance plan headquarters in both Greensboro and Norfolk,” Cone said. “Cone Health will continue providing strong economic and civic leadership and support to the communities it serves.”
The merger is subject to state and federal review and customary closing conditions, and should be formalized by mid-2021. For more information, visit www.conehealth.com/future.
This article originally appeared on Times-News: ARMC owner Cone Health to merge with Sentara Healthcare of Norfolk