Under the agreement, Wilkes Regional will be rebranded as Wake Forest Baptist Health-Wilkes Medical Center. Officials decided on the name after surveying more than 730 Wilkes employees.
Wake Forest Baptist will also invest $238 million to support Wilkes Regional and the surrounding community.
Officials said the hospital will begin offering additional clinical services in the coming weeks.
More articles on transactions and valuations:
Billionaire Dr. Patrick Soon-Shiong’s company acquires majority stake in Integrity Healthcare
5 most-read transactions and valuations stories in June
79 hospital transactions and partnerships in June
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
