UNC Health Care, High Point Regional merger to take effect April 1
UNC Health Care system’s merger with the High Point Regional Health System is slated to take effect starting April 1, according to announcements made by the systems on Tuesday.
Through the merger, UNC Health Care will become the sole member of High Point Regional’s board. The system will provide $150 million for capital improvements as well as $50 million for a new Community Health Fund.
No layoffs or changes in pay or benefits of High Point Regional Health System employees are expected for at least a year from the signing of the formal agreement.
In addition, UNC Health Care will maintain current management of the daily operations of High Point Regional, which will remain a private, not-for-profit organization.
The High Point system’s Board of Trustees approved in February 2012 a move to investigate “strategic alignments” with other systems.
System officials agreed in principle to the partnership, and High Point Regional’s board approved the proposed arrangement in September.
Chapel Hill-based UNC Health Care is a not-for-profit health care system owned by the state. It includes UNC Hospitals, the UNC School of Medicine, community practices, home health and hospice services in seven central North Carolina counties, as well as Pardee Hospital in Hendersonville, Chatham Hospital in Siler City, and Rex Healthcare in Wake County.