Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

WakeMed Offers $50M For Mental Health, Contingent on Purchase of Rex

Raleigh, N.C.-based WakeMed Health and Hospitals has authorized a $50 million investment in mental health, contingent on its purchase of Raleigh-based Rex Healthcare, according to a WakeMed news release.

WakeMed would use the $50 million to develop 40-60 mental health beds in Wake County, N.C. The company's offer follows its rejected proposal to buy Rex Healthcare from Chapel Hill, N.C.-based UNC Health Care for $750 million.  

Bill Atkinson, PhD, WakeMed's president and CEO, sent a letter to Gov. Beverly Perdue and other officials on May 18 stating his case for purchasing Rex Healthcare. Among other points, he said, "We are not in a position to shoulder mental health care alone."

Read the WakeMed release on WakeMed Health and Hospitals and Rex Healthcare.

Related Articles on WakeMed and Rex Healthcare:

UNC Health Care Rejects WakeMed's $750M Offer for Rex Healthcare

North Carolina's WakeMed Offers $750M for Rex Healthcare

North Carolina's Novant Health Joins Rex Healthcare, WakeMed in Fight to Expand in Wake County



Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars