WellStar calls off merger talks with Emory

Ayla Ellison (Twitter) - Print  | 

Marietta, Ga.-based WellStar Health System, the largest nonprofit system in Georgia, has scrapped plans to merge with Atlanta-based Emory Healthcare, according to an Atlanta Business Chroniclereport.

The two systems began discussing the prospect of joining forces in February.

"After a few months of discussion and review with Emory University, the WellStar board of trustees has determined a new strategic direction," said Gary Miller, chair of the WellStar board of trustees, in a statement released to the Atlanta Business Chronicle. "WellStar has declined to enter the next stage of discussions with Emory University."

Emory University showed disappointment over WellStar's decision. The system released a statement saying, "Emory continues to believe that the proposed combination of Emory Healthcare and WellStar Health System would serve our communities well as a way to extend the benefits of our renowned academic medical center to a larger population of patients in Metro Atlanta, as well as the state of Georgia and beyond."

With the deal called off, WellStar has plans to explore integration opportunities with other potential partners, according to the report.

More articles on healthcare industry transactions:

23 hospital transactions and partnerships in May
Lehigh Valley Health Network to merge with another Pennsylvania system
7 recent hospital transactions and partnerships

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.