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Sources: WakeMed will bid for rival Rex

Posted May 11, 2011
Updated May 12, 2011

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— WakeMed plans to announce Thursday that it wants to buy Rex Hospital in Raleigh, sources tell WRAL News.

Details of the bid have not been made public. 

The two Raleigh hospitals have been cross-town rivals for years. In November, WakeMed asked UNC Health Care, which operates Rex, to release records relating to how the public system spends money to lure patients and doctors, arguing that it has an unfair advantage in the battle for health care dollars in the Triangle.

WakeMed is a private, not-for-profit hospital.

On Wednesday, a Rex spokesman indicated that the hospital would fight the takeover bid.

"I think it would be a disaster for the state to divest from Rex," said Dale Jenkins, chairman of the hospital's board of trustees.

But some state lawmakers have said that it's worth exploring whether Rex could be sold, at an economic time when the state may need to sell some of its assets.

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  • JustmyopinionNC May 12, 2011

    DeathRow - A not for profit organization still wants to make money just like a private for profit. The differnce between them is that all income over expense in a not for profit is "reinvested" into the services the health system provides or in this case things they want to purchase. In a For Profit organization all income over expense is paid to investors or stockholders.

  • NativeNC0ne May 12, 2011

    The real problem is that neither of these huge entities pays a nickel of taxes, leaving it once it again to tax-payers to support them. A non-profit wants to buy a government owned hospital? How about we sell them both to private for-profit entity that will pay taxes.

  • righthere1234 May 12, 2011

    I really hope Rex turns them down flat. Like with anything, a consumer should have choices. Moreso with healthcare! My family has always had better experiences at Rex. I delivered both of my babies there. Unfortunately, Rex no longer has a contract with our insurance so we won't be going there for awhile. Good thing I'm done with babies. We've had to use WakeMed's Children's ER twice in the last year. I have no complaints about the Children's ER, but I had a major issue with the pediatric floor after my son was admitted. I'm crossing my fingers that his surgery at WakeMed North goes better than his last experience with WakeMed.

  • tarheelbabe May 12, 2011

    Also wakemed is the only hospital with a lobbyist in washington dc

  • prometame May 12, 2011

    As a Rex employee, I can safely say that this is nothing more than Wake Med making ANOTHER desperate attempt at trying to paint Rex in a poor light. It simply won't happen. Rex is a strong, healthy, beautiful hospital - a great place to receive care and to work.

    Wake Med is just upset that they are not as successful and well-loved in the community as Rex. And the state would be making a terrible decision to cut ties with Rex. The government has a spending problem, not a revenue problem. Rex receives NO money from UNC and actually pays a subsidy TO UNC.

    Wake Med just needs to get over themselves and find a new leader with a clear, focused head on their shoulders.

  • Pseudonym May 12, 2011

    Raleigh, get ready for 10 hour wait times in the ER. If you don't believe me, ask anyone from Fayetteville what Cape Fear Valley is like.

  • davidk_at_unc May 12, 2011

    "i blame obamacare -- golosucks2"

    Most ignorant people do!

  • rlewis May 12, 2011

    I hope this acquisition does not happen. Rex is a great hospital. They really made an impression on my wife when we were having some tough times a couple of years ago. They treated us like we were their only patients.

  • beachbum1 May 12, 2011

    I had surgery at both and not good experience at both. Rex under charged my our of pocket by 100%. Told me like $1200 then I got a bill for an additional $1200. Hospital bill for same day in and out galbladder surgery was over $20,000, that was just nuts, I was back home by 3. Also visted someone there and the halls were crowded with stuff and seem very unorganized. Had to take my son to the ER, we were there at 6PM and never got seen until 2AM. There was a person there throwing up and crying and no one attended to them and they were all alone. Now Wakemed..before my surgery the guy that did my intertravenus told me he had to do x number before he was certified or something and made me feel like a practice dummy. ER tried to send a friend home saying bladder infection when it was kidney stones.

  • djjam30 May 12, 2011

    Please don't let this happen Rex! My loved one died at Wake Med and I wasn't impressed with the care that led up to that! I think this would be a HUGE MISTAKE as far as healthcare goes in this area and would be a MONOPOLY! Let us CHOOSE which hospital we want to go to PLEASE! No offense to anyone that works at Wake Med but I just don't care for that hospital very much.

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