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Cone Health and Sentara Healthcare to merge into $11.5 billion system

by John R. Fischer, Senior Reporter | August 17, 2020
Business Affairs

“Our objective in this merger is to maintain, enhance and grow the hospitals, clinics, physicians’ offices, and other ambulatory sites we currently operate,” said Kern. “This merger will build on our continued efforts to bring the highest possible quality and improve affordability across our communities. It will allow us to bring more care, services and relationships to more people.”

The Cone Health Board of Trustees voted unanimously to move forward with the letter of intent. Cone Health representatives will join the Sentara Healthcare board, with membership on all board committees and meaningful roles in all aspects of governance. A Cone Health Regional Board will also continue to function and be composed of community members, medical staff and Sentara Healthcare representation.

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No changes will be made currently for patients, physicians, staff or health plan members at Cone Health and Sentara Healthcare, and patients at both can expect the same level of care from the same doctors and staff at the same locations they visit today.

The combination and integration of both organizations is expected to take up to two years. The merger is subject to state and federal review and customary closing conditions, and should be formalized by mid-2021.

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