An unwillingness to give up control has killed a proposed mergerlike partnership between Winston-Salem, N.C.-based Novant Health and 342-bed High Point (N.C.) Regional Health System, an independent not-for-profit.
Both parties called off the deal last week after five months of talks.
The joint operating agreement, first announced March 2, was being explored between High Point Regional and Novant's 128-bed Community General Hospital of Thomasville (N.C.), about 12 miles away.
"The bottom line was that the changes that needed to occur for a successful agreement were more than anyone felt comfortable with at this time," said Catherine Hendrix, a spokeswoman for eight-hospital Novant.
At the time the proposed affiliation was first announced, the two hospitals were to form a joint operating company, and Novant was to have an affiliation agreement with that company to provide support and services. Novant would have had a seat on the company's board.
High Point Regional is the only hospital in Guilford County, N.C., that is not owned by Greensboro, N.C.-based Moses Cone Health System, a major competitor of Novant.