Industry Bulletins | August 26, 2020
Sentara Healthcare In Virginia To Merge With Cone Health In North Carolina
On August 12, 2020, Sentara Healthcare, in Norfolk, Virginia and Cone Health in Greensboro, North Carolina signed a letter of intent to combine organizations. Both are regional, community-based health systems. The combined organization is subject to state and federal regulatory review and customary closing conditions and is anticipated to close in mid-2021. Following that, it is expected to take up to two years to fully combine and integrate.
After the merger closes, Howard P. Kern will oversee the combined organization; Mr. Kern is Sentara’s current president and chief executive officer (CEO). The combined organization will have corporate . . .