Business

WakeMed, Duke look to collaborate, not merge

Posted June 30

— WakeMed and Duke Medicine said Monday that the two health systems are exploring possible collaborations but have no plans to merge.

“We are very pleased to pursue these discussions with our colleagues at Duke Medicine and to explore areas where we can work together to enhance patient care delivery while improving the overall health of our communities,” WakeMed President and Chief Executive Donald Gintzig said in a statement. “This concept ties closely to one of the foundational elements in WakeMed’s new strategic plan, which includes working closely with like-minded organizations, as well as physicians and physician organizations, to enhance the health of our community.”

Officials said they hope to enhance health care delivery, meet community health needs, reduce costs and manage the use of technology and resources more efficiently.

No decisions have been made on areas where the two entities could work together, but they already joined forces two years ago to create the Duke Children’s & WakeMed Children’s Specialty Services Clinic for specialty pediatric care.

Along with UNC Health Care, WakeMed and Duke dominate the health care market in the Triangle, and all three have jockeyed for position in recent years by signing up groups of physician specialists and expanding into suburban and rural areas. They also have frequently tried to block each other's growth plans.

Three years ago, WakeMed offered to buy crosstown rival Rex Hospital from UNC Health Care for $750 million, but it dropped the buyout effort in 2012 as part of a deal brokered by state lawmakers.

WakeMed and Duke have no legal or financial agreement in place, officials said Monday, adding that the talks aren't "a precursor to any merger, organizational consolidation, etc."

"Both organizations will continue to advance their independent business and care delivery objectives while also having the opportunity to explore potential opportunities of mutual interest," WakeMed said in a statement.

6 Comments

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  • rushbot Jul 1, 9:47 a.m.

    "UNC Health Care, WakeMed and Duke dominate the health care market"

    And the consolidation... View More

    — Posted by mike275132

    why do you believe romneycare/aca/obamacare will ration healthcare.....do you understand that romneycare has worked well for years....you seem to be parroting conservative talk radio.....obamacare is about quality health care insurance being made affordable to all by pooling risks.....it is about insurance.....you know...i am a 60 yr old vet who has never had a speeding ticket...never had a dui....never cited for running a stop light or distracted driving....and i have to pay more because of the young persons who drive......................just like homeowners in our area have to pay more for home owners' insurance because some people have built their homes next to the hurricane effected coast line..........it is insurance......and insurance does not ration healthcare....

  • Brogden Jun 30, 5:47 p.m.

    Duke Raleigh is a small, outdated facility. Wake is a large, well built facility. Duke has money and affiliations. Wake has paid huge fines, drained it's cash reserves and failed in it's effort to affiliate. Duke will end up owning Wake in the next years to come. My prediction!

  • SaysWhoNC Jun 30, 2:47 p.m.

    Good for them! That would serve UNC/Rex right.

  • mike275132 Jun 30, 1:42 p.m.

    "UNC Health Care, WakeMed and Duke dominate the health care market"

    And the consolidation continues. So a Triopoly in Health providers and BCBS as the near monopoly in Health Insurance.

    Just wait till Obamacare really kicks in and rations health care as it surely will.

  • scubagirl2 Jun 30, 1:34 p.m.

    Finally! Glad to hear this, enough of the rivalry....it should be about health NOT wealth!

  • superflames Jun 30, 1:11 p.m.

    caring for the sick is a big task. Collaboration to pursue best practices can be mutually beneficial for both business interests and patients.