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Atrium Health and Wake Forest Baptist Finalize Merger
October 12th, 2020
Charlotte, N.C. based Atrium Health completed its merger with Winston-Salem, N.C. based Wake Forest Baptist Heath on October 9, 2020, and will continue to operate under the Atrium Health name. The merger created a 42-hospital system, employing more than 70,000 employees. An independent economic analysis estimated the direct and indirect economic and employment impact from the merger to exceed $32 billion and 180,000 jobs.
Wake Forest Baptist Health and the Wake Forest School of Medicine will become the academic core of Atrium Health. A second campus of the school of medicine will be built in Charlotte, which currently does not have a 4-year medical school.
Atrium Health's full announcement regarding the completion of the merger can be found here: https://atriumhealth.org/about-us/newsroom/news/2020/10/atrium-health-and-wake-forest-baptist-health-combine-create-next-generation-academic-health-system
Categories: Business Transactions
Tags: Transaction