Cone Health to Complete Merger With New Management Before 2013
Greensboro, N.C.-based Cone Health may complete a merger with Burlington, N.C.-based Alamance Regional Medical Center while also finalizing a new management agreement with Charlotte, N.C.-based Carolinas Healthcare System before the year ends, according to The Business Journal.
The 30-day federal regulatory review of Cone Health's proposed acquisition of Alamance Regional Medical Center began this week, according to the report. Cone Health and Alamance Regional approved a deal to merge last December.
In addition, Carolinas Healthcare is preparing to take over management of Cone Health Oct. 1. Carolinas Healthcare entered into a management services agreement with Cone Health in June.
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