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Randolph Health merger nears finish line

Randolph Health merger nears finish line
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Scrapped Sentara-Cone merger won't slow merger movement

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Sentara Healthcare and Cone Health represent the latest in a series of scuttled merger proposals, but it isn t expected to slow M&A activity, industry observers said.
Sentara and Cone abandoned their plans Wednesday to build a more than $11 billion system spanning North Carolina to Virginia amidst internal opposition as well as criticism from community members and state regulators. Around a dozen proposed mergers between relatively healthy not-for-profit systems haven t closed over the past three years as doctors have protested and regulators have become increasingly wary of consolidation.
I do think it s reflective of this new attitude toward consolidation in healthcare where more than ever, enforcers are suspicious of systems that are growing and skeptical of the benefits they claim they ll bring, said Ken Field, an attorney with Jones Day who works on healthcare antitrust and competition issues. It s almost as if we re starting from a position of di ....

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Local residents fear out-of-state takeover with Sentara-Cone merger

Several commenters in North Carolina worried the deal would strip away local services and send resources to Virginia, where Sentara is based. ....

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Randolph Health given loan from Local Government Commission of NC

Former CEO of Randolph Health Angie Orth was instrumental in working with state legislators to pass the Rural Health Stabilization Act in 2019. The act would allow the state government to loan rural hospitals money at an interest rate below the market rate, and hospitals would have a max of 7 years to repay the principal.
However, approval of the loan has been a contentious issue.
On one hand, Randolph Health serves 140,000 Randolph County residents and employs over 1,000 people in the area. Closing it could cause rural residents to need to travel far to see a doctor and increase risks to their health. The impact of closing rural hospitals has already been observed nationwide, with 6 to 9% rises in mortality rates accompanying hospital closures. In the past ten years, over 100 rural hospitals closed with a record of 18 closures in 2019 and 17 in 2020. ....

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Randolph County COVID-19 Vaccine data tracks number of vaccinations

Randolph County COVID-19 Vaccine data tracks number of vaccinations
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