Cone Health and Alamance Regional Medical Center have received official notice from the Federal Trade Commission that it has closed its investigation and will not object to the organizations’ merger. The paperwork is expected to be completed and the merger to take effect as soon as May 1.
“This is a great day for healthcare in the Triad,” says Cone Health Chief Executive Officer Tim Rice. “Our merger is a positive step for the future of both health systems. But more importantly, it is great news for people throughout this region who will, over time, have access to a broader range of high-quality, expert medical care.”
Alamance Regional Medical Center becomes the sixth hospital in the Cone Health network. Over the coming months, leadership from Cone Health and Alamance Regional Medical Center will work together on the logistics involved in bringing the two organizations together.
“With this partnership comes a strong commitment to our community and every patient we have the privilege to care for,” says Alamance Regional Medical Center President and Chief Executive Officer John Currin Jr. “Our goal is to continue to grow services locally and find ways to make our community a better place to live. The increased resources available to us as a result of the merger and our joint devotion to high-quality care will benefit patients greatly.”
“As we have said since announcing these plans in December 2011, Cone Health and Alamance Regional already share the values that will create a strong partnership. We have common missions, and our cultures are very similar – both organizations value our patients, our employees and our communities,” Rice adds.