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The nonprofit integrated systems concluded that an affiliation would not benefit their communities. The deal would have seen Cone Health's five hospitals, Medicare Advantage subsidiary and other operations become a division of the larger Sentara.
Updated: 2:31 PM EDT June 2, 2021
NORFOLK, Va. After almost a year of planning to merge, Sentara Healthcare and Cone Health announced Wednesday that the healthcare companies had decided not to combine.
The Virginia-based Sentara, and North Carolina-based Cone, initially made their announcement in August of 2020. At that time, the not-for-profit companies thought merging their teams might take two years.
A Wednesday release said leadership from the two companies had been honing in on the merge with dedication starting in early 2021, when they mutually came to the decision to cancel. Since announcing our intent to affiliate, both Sentara Healthcare and Cone Health have remained committed to doing what is in the best interests of all those we have the privilege to serve, a spokesperson wrote. As this work progressed, we realized that each of our communities and key stakeholders require support and commitments from our respective organizations that are better se
Cone Health said Wednesday it has ended its pursuit of being acquired by a Virginia healthcare system following nearly 10 months of negotiations.Cone and Sentara Healthcare, based in Norfolk, Va.,