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Atrium Health and Wake Forest Baptist Health combine, create next-generation academic health system

Press releases may be edited for formatting or style | October 12, 2020 Business Affairs
CHARLOTTE, N.C., & WINSTON-SALEM, N.C., Oct. 9, 2020 – A new era of healthcare was ushered in today as Atrium Health and Wake Forest Baptist Health, including Wake Forest School of Medicine, officially joined together as a single enterprise, Atrium Health. Both health systems are renowned for their clinical expertise and the school of medicine is nationally recognized for its medical education programs and research. With the strategic combination now complete, the collective vision to transform medical education, expand patient-centered research and innovation, and define the next generation of clinical excellence becomes a reality.

The new Atrium Health enterprise will bring clinical expertise together with the research, innovation and the educational capabilities of these renowned institutions to revolutionize the ways people become and stay healthy, changing lives for the better for the more than 7 million people across the region who now have access to care from the combined organization. The enterprise will have over 70,000 teammates working together to provide personalized care for each of the 15 million patient interactions it has each year, fulfilling its mission to improve health, elevate hope and advance healing – for all.

“As the healthcare field goes through the most transformative period in our lifetime, in addition to a new medical school, our vision is to build a ‘Silicon Valley’ for healthcare innovation spanning from Winston-Salem to Charlotte,” said Eugene A. Woods, president and CEO of the new Atrium Health. “We are creating a nationally-leading environment for clinicians, scientists, investors and visionaries to collaborate on breakthrough technologies and cures. Everything we do will be focused on life changing care, for all, in urban and rural communities alike. And we will create jobs that provide inclusive opportunities to enhance the economic vitality of our entire region.”

Based on an independent economic analysis, the immediate direct and indirect annual economic and employment impact from the combined enterprise exceeds $32 billion and 180,000 jobs.

“The impact of the strategic combination will be far-reaching, elevating North Carolina as a clear destination of choice to receive medical care for people all across the nation,” said Dr. Julie Ann Freischlag, CEO of Wake Forest Baptist Health and dean of Wake Forest School of Medicine. Through our combined, nationally recognized clinical centers of excellence in multiple specialties, we will be able to expand our research in signature areas, such as cancer, cardiovascular, regenerative medicine and aging, and target bringing research breakthroughs to the community in less than half the time of the national average.”

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