A PYMNTS Company

US: Atrium, UNC Health call off merger talks

By  |  March 4, 2018

Atrium Health and UNC Health Care say they have suspended plans for a merger after the two companies were unable to come to an agreement. The announcement comes after months of negotiations that became snagged on who would control the combined company that would have had some 60 hospitals and 90,000 employees.

“We have remained steadfast in our belief that together we would be uniquely positioned to transform health care – by significantly enhancing the academic mission, creating an organization that will serve more people in better ways, and enhancing our ability to address our state’s most pressing issues including rural care, behavioral health and affordability,” Atrium CEO Gene Woods and Atrium Board of Commissioners Chair Edward Brown said in the letter.

“It is clear, however, that we have not been able to reach agreement as to the best structure and approach to support our mutual ambitions,” they wrote.

Full Content: Charlotte Observer

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.