The newly minted Tryon Medical Partners plans to open eight offices and hire around 300 employees by year-end, after the group of nearly 90 doctors officially parts ways with Atrium Health.
Atrium Health's biggest physician group, Mecklenburg Medical Group, sued the North Carolina-based system to get out of its employment restrictions so it can practice independently.
Atrium Health, previously Carolinas HealthCare System, and Navicent Health signed a letter of intent to merge, the organizations announced Thursday.
Carolinas HealthCare System has rebranded as Atrium Health, which doesn't limit the Charlotte, N.C.-based health system to a geographic area, executives said, adding that it wasn't related to its proposed merger with UNC Health Care.
The most mergers ever were recorded in 2017 by financial firm Kaufman Hall, which began tracking deals in 2000. Even with that growth, more financially strong systems are attracting interest in being acquired by a larger or better-positioned system.
Blue Cross and Blue Shield of North Carolina, the state's largest health insurer, claims the proposed merger of Carolinas HealthCare System and UNC Health Care will drive up prices for patients.
The North Carolina attorney general is already looking into whether combining the two health systems would hurt competition.
The two North Carolina healthcare systems' joint venture will create a massive provider with $14 billion in annual operating revenue and will focus heavily on improving access to care in rural areas and advancing cancer treatment.
Carolinas HealthCare is finding success by converting a hospital into a stand-alone emergency department that offers primary care.
The U.S. Justice Department urged a North Carolina federal judge to take a closer look at Carolinas HealthCare System's steering provisions in insurer contracts and to ignore the health system's pleas for a quick escape from the government's lawsuit.
The U.S. Justice Department urged a North Carolina federal judge to take a closer look at Carolinas HealthCare System's steering provisions in insurer contracts and to ignore the health system's pleas for a quick escape from the suit.
Sixteen healthcare organizations will receive $347 million to support 4,000 hospitals across the U.S. in reducing harm to patients.