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Atrium, Wake Forest to create academic health system: 5 things to know

Charlotte, N.C.-based Atrium Health signed a memorandum of understanding to build an academic healthcare system with Wake Forest Baptist Health and Wake Forest University, both in Winston-Salem, N.C.

Five things to know:

1. Under the memorandum of understanding, the organizations entered into exclusive negotiations and intend to sign a final agreement later this year.

2. The plans, announced April 10, include a second medical campus in Charlotte. The combined organization would train about 3,200 students, residents and fellows, and offer the nation's largest post-graduate fellowship program for nurse practitioners and physician assistants.

3. The plans also would merge Atrium's destination clinical programs like cancer, children's heart and musculoskeletal programs with Wake Forest's clinical leadership and research in aging and Alzheimer's disease, cancer, cardiovascular disease, diabetes and obesity, and more.

4. The organizations said the deal would use data to drive public health programs and value-based care models to improve social determinants of health and primary care services. They would also invest in a proposed translational research and population health center in Winston-Salem.

5. With 42 hospitals and more than 900 care locations, Atrium serves almost 14 million patients each year. Wake Forest Baptist Health's seven hospitals and more than 400 care locations serve 2.2 million patients annually.

More articles on healthcare industry transactions:
Merger creates $2.4B health system with hospitals in New York, Connecticut
Advocate Aurora Health acquires Wisconsin hospital
CHS to sell Tennessee hospital

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