TITLE

A different kind of offer: WakeMed bids for rival, cites state budget woes

AUTHOR(S)
Galloro, Vince
PUB. DATE
May 2011
SOURCE
Modern Healthcare;5/16/2011, Vol. 41 Issue 20, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on WakeMed Health & Hospitals' 750 million U.S. dollar bid for its rival Rex Healthcare. WakeMed cited North Carolina's desperate budget situation as one reason why state-owned UNC Health Care should accept its bid, which includes any debt attributed to Rex. It is noted that state officials are working on budget proposals to manage a projected deficit of 4.4 billion U.S. dollars for fiscal 2012 and 2013.
ACCESSION #
60778112

 

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