High Point Regional Health System and UNC Health Care
High Point Regional Health System
Strategic Partnership with UNC Health Care
HIGH POINT, N.C. - High Point Regional Health System and UNC Health Care have agreed in principle to form a strategic partnership following unanimous approval by both organizations on Tuesday, September 25, 2012. In February, High Point Regional announced the decision to find a strategic partner and issued a request for proposal (RFP) inviting UNC Health Care and other health care organizations interested in partnering to respond. UNC Health Care was selected by the 21 Board of Trustees members of High Point Regional Health System.
| Jeffrey S. Miller - CEO/President High Point Regional
Gary Park - President UNC Hospitals
"As a board member, a business owner and resident of the High Point community I speak on behalf of our entire Board that we are confident UNC Health Care is the best choice for our hospital," said Owen Bertschi, High Point Regional Health System Board Chairman. "We are looking forward to the many benefits this partnership will provide for the patients and families served by High Point Regional."
Under the terms of the letter of intent, which is anticipated to become binding in early 2013, UNC Health Care will become the sole member of High Point Regional Health System, and provide $150 million for capital improvements at HPRHS and $50 million for the establishment of a newly formed community health fund. High Point Regional Health System will remain a private, not-for-profit organization.
"We are confident that this partnership will allow us to continue to meet our mission of providing exceptional health services to the people of our region," said Jeffrey S. Miller, High Point Regional Health System President. "The partnership will result in a full merger of the two organizations with High Point Regional joining UNC Health Care soon after the first of next year."
UNC Health Care plans to maintain the current management of High Point Regional Health System through local leadership. UNC Health Care does not plan on any layoffs or changes in pay rates or benefits of current employees of High Point Regional Health System. UNC Health Care will maintain High Point Regional as a full-service, acute care hospital.
"We are pleased to welcome High Point Regional and its employees, physicians and volunteers to the UNC Health Care family. High Point Regional is an excellent organization and will be an important member of UNC Health Care. This partnership will further UNC Health Care's missions and provide access to UNC physicians, research, technology and facilities to the Triad community," said Gary Park, President, UNC Hospitals.
About UNC Health Care
The UNC Health Care System is a not-for-profit integrated health care system owned by the state of North Carolina and based in Chapel Hill. It exists to further the teaching mission of the University of North Carolina and to provide state-of-the-art patient care. UNC Health Care is comprised of UNC Hospitals, ranked consistently among the best medical centers in the country; the UNC School of Medicine, a nationally eminent research institution; community practices; home health and hospice services in seven central North Carolina counties; Pardee Hospital in Hendersonville, NC; Chatham Hospital in Siler City, NC; and Rex Healthcare and its provider network in Wake County.
About High Point Regional
As part of a not-for-profit Health System governed by a volunteer, community-based board of trustees, High Point Regional offers a wide variety of inpatient and outpatient care. High Point Regional, the largest piece of the Health System, offers 351 private beds for medical and surgical patients and has its foundation in six primary service areas: Carolina Regional Heart Center, The Hayworth Cancer Center, The Neuroscience Center, The Esther R. Culp Women's Center, The Emergency Center and The Piedmont Joint Replacement Center.
High Point Regional's mission is to provide exceptional health services to the people of this region. For more information, visit www.HighPointRegional.com
For Immediate Release: September 27, 2012
Contact: Tracie Blackmon (336) 442-9064
High Point Regional Health System