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Sentara Healthcare, Cone Health walk away from affiliation deal

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. ....

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Sentara, Cone Health latest nonprofit systems to nix merger plans

Dive Brief:
Norfolk, Virginia-based Sentara is a nonprofit system with 12 hospitals in Virginia and North Carolina and its health plans serve over 800,000 members in Virginia, North Carolina and Ohio. Greensboro, North Carolina-based Cone Health is also a nonprofit with five hospitals in the state, and its two health plans serve 15,000 members.
North Carolina Attorney General Josh Stein held a comment period in late April to gauge feedback on the merger, and received more than 40 responses, many touching on potential reduced competition in the market. ....

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Sentara Healthcare, Cone Health cancel plans to combine

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 tha ....

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10 to Watch: Terry Akin, CEO of Cone Health in Greensboro - Triad Business Journal

10 to Watch: Terry Akin, CEO of Cone Health in Greensboro - Triad Business Journal
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