Cone Health merger called off
Jun. 2—GREENSBORO — Cone Health announced Wednesday that its merger with a larger health system based in Virginia has been called off.
The announcement said that Cone Health and Sentara Healthcare mutually decided not to move forward with the affiliation, which was initially proposed in August.
"Leadership from both organizations began working in earnest on bringing our two organizations together in early 2021," the press release said. "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 served by remaining independent."
The Cone Health Board of Trustees and the Sentara Healthcare Board of Directors came to the mutual agreement to end affiliation plans late last week, the press release said.
Headquartered in Norfolk, Sentara Healthcare operates 11 hospitals in Virginia and one in Elizabeth City, in far northeastern North Carolina. Its geographic footprint does not overlap with Greensboro-based Cone Health, which has five hospitals in the Triad.
The two organizations, which are both nonprofits, had planned to combine their assets in a deal they expected to close by mid-2021.
Cone Health's main presence in High Point is its 75,000-square-foot MedCenter High Point facility on Willard Dairy Road. It includes an emergency department and several medical practices.
The health system also has an allergy and asthma center on Westwood Avenue.
