Atrium, Wake Forest Baptist merge to create 42-hospital system

” As the healthcare field goes through the most transformative period in our lifetime, in addition to a new medical school, our vision is to build a Silicon Valley for health care innovation spanning from Winston-Salem to Charlotte,” Atrium President and CEO Eugene A. Woods said in a news release. “We are creating a nationally-leading environment for clinicians, financiers, scientists and visionaries to work together on advancement technologies and remedies. And we will create tasks that supply inclusive chances to improve the financial vigor of our entire region.”.

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A 16-member board of directors selected by the Charlotte Mecklenburg Hospital Authority and Wake Forest University Baptist Medical Center will govern the brand-new nonprofit enterprise..

With the transaction complete, Wake Forest Baptist Health and Wake Forest School of Medicine will become the “scholastic core” of Atrium Health. The health system stated it plans to construct a second campus of the school of medicine in Charlotte..

” The effect of the strategic combination will be significant, raising North Carolina as a clear location of choice to receive healthcare for individuals all throughout the nation,” said Julie Ann Freischlag, MD, CEO of Wake Forest Baptist Health and dean of Wake Forest School of Medicine. “Through our combined, nationally acknowledged scientific centers of excellence in several specialties, we will be able to expand our research in signature locations, such as cancer, cardiovascular, regenerative medication and aging, and target bringing research developments to the community in less than half the time of the national average.”.

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Atrium mentioned an independent financial analysis that revealed the direct and indirect annual employment effect of the combined system surpasses 180,000 tasks..

Mr. Woods will serve as president and CEO of the combined system, and Dr. Freischlag was selected chief scholastic officer for Atrium Health in addition to her present positions..

” As the health care field goes through the most transformative period in our life time, in addition to a brand-new medical school, our vision is to develop a Silicon Valley for health care innovation covering from Winston-Salem to Charlotte,” Atrium President and CEO Eugene A. Woods said in a news release. “We are developing a nationally-leading environment for clinicians, visionaries, financiers and scientists to team up on development technologies and remedies.

Charlotte, N.C.-based Atrium Health and Winston-Salem, N.C.-based Wake Forest Baptist Health have completed their merger, creating a 42-hospital system with more than 70,000 staff members..