Board of Directors' Special Committee continues review of WakeMed proposal

A Special Committee of the University of North Carolina Health Care System Board of Directors held its second meeting Monday, July 11, to continue its review of WakeMed’s proposal to purchase Rex Healthcare.

In addition to pertinent legal and financial issues, the Special Committee is reviewing other appropriate elements related to the proposal, including

  • An overview of WakeMed's strategic focus and direction;
  • The alignment of missions, visions and values between the organizations;
  • Whether there is evidence that the proposed acquisition would better serve the community, including lowering the cost of health care in Wake County and across the state;
  • Information about the governance, capital planning, and evaluation of cultural fit; and
  • Other operational considerations inherent in a complex transaction.

Members of the public are providing input regarding the proposal to the Special Committee via an online feedback form on the UNC Health Care System website at www.unchealthcare.org/specialcommittee.

“We are very interested in the community’s comments and viewpoints, but our first and foremost priority is to appropriately and responsibly review WakeMed’s proposal and to weigh it against the many benefits that the Rex/UNC partnership brings to the community, the University and state,” said Special Committee Chair D. Jordan Whichard.  We are conducting a thorough and objective exercise, as called for by the Health Care System Board of Directors.”

Additionally, to share the facts about the relationship and service to people throughout the state and here in our community, UNC and Rex launched a new website (www.uncrexpartnership.com) in early July.  The website shares information about UNC and Rex’s service to people throughout the state and in the Triangle.

The Special Committee, led by Mr. Whichard, was named on June 20 by UNC Health Care System Board of Directors Chairman Richard Krasno. Other members of the committee include Rev. Lisa Fischbeck, Dr. Andrew Greganti, Dale Jenkins, James Speed and Chancellor Holden Thorp.

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