Atrium Health's WakeMed Health acquisition notches key board approval with amended terms

North Carolina State Flag flying in the wind at Fort Macon.
Atrium Health, which is based in Charlotte and part of the $39 billion Advocate Health system, has agreed to invest $2 billion over the coming years in WakeMed campuses and finance a new $150 million community health fund should the deal go through. ( BSPollard/iStock/Getty Images Plus)

North Carolina nonprofit systems Atrium Health and WakeMed Health's hotly contested merger secured a key vote Monday from a local board, albeit with some last-minute debate and adjustments.

The Wake County Board of Commissioners, which has oversight of WakeMed Health's board, voted 5-2 in favor of the combination that would further grow North Carolina's largest hospital system. The deal was unveiled in early May to immediate local pushback over consolidation and affordability concerns (see that coverage below). 

"The Board has spent nearly four months listening to community feedback, asking questions of the experts and directing our attorney to negotiate key points in these documents on our behalf,” Board Chair Don Mial said in a statement following the vote. “We weighed the opportunities and challenges this hospital combination poses, and ultimately, a majority decided that it is in the best interest of our community.”

The board said it received more than 3,000 emails and heard 210 public comments across multiple community feedback sessions in the run-up to their vote. 

That input led to an amended agreement between the parties regarding planned spending, safety net care commitments and governance. 

For instance, the amended documents specify that Atrium's $2 billion, 15-year commitment to modernize care infrastructure within the county and the approximately 60-year-old WakeMed campus will come from its own coffers. The deal also stipulates that the majority of WakeMed's Board of Directors be appointed by the commission and reside in the county.

A new Wake County Whole Health Program, funded by $150 million paid by Atrium Health to the county, will, over 10 years, support healthcare affordability, expanded mental health care, and other social determinants of health, such as housing and food security. After the merger, WakeMed will also increase its spending on care provided to low- or no-income patients from a current floor of 4.8% of total adjusted revenue to 8%. 

Separately, North Carolina Governor Josh Stein announced on Sunday that Atrium had agreed to cap price increases at WakeMed for five years, at 1.5 times annual Medicare cost increases.

The commission's dissenting votes at Monday's meeting reportedly worried that language in those commitments, yet to be finalized, could reduce benefits for the community, and said they were frustrated that documents reached their desks only days before the vote. 

Per local news reports, Monday's session was preceded by a rally in opposition to the merger, and the vote itself was interrupted multiple times by attendees. 


May 4, 2026

WakeMed Health's plans to join Atrium Health face swift pushback from NC officials

North Carolina nonprofit systems Atrium Health and WakeMed Health shared plans for a combination and multi-billion-dollar investment from the larger organization, though their proposed deal is already facing pushback and a procedural delay.  

The proposed deal was unveiled Friday by the organizations in a release and documents shared by the Wake County Board of Commissioners, which appoints much of WakeMed Health’s board of directors and must vote to approve any such deal. 

Atrium Health, which is based in Charlotte and part of the $39 billion Advocate Health system, has agreed to invest $2 billion over the coming years in WakeMed campuses should the deal go through. The parties said they expect the plans would create 3,300 new jobs over five years and increase access to care. 

While Atrium is North Carolina’s largest hospital system, WakeMed comprises three acute care hospitals, a mental health hospital and a physical rehabilitation hospital that total 973 beds. It also runs standalone outpatient sites with 24/7 emergency departments plus physician practices in Wake County and employs nearly 12,500 people, according to its website. 

The organizations said the combination would yield the state’s largest nonprofit behavioral health network of more than 360 inpatient mental health beds as well as a substantial virtual care network. The investments would support the construction of two new outpatient locations with stand-alone emergency departments, they said, while a partnership with the Atrium-affiliated Wake Forest University School of Medicine would open up clinical training including residencies and fellowships at WakeMed. 

“WakeMed and Atrium Health are united in a shared commitment to serving our communities, and by building upon our complementary strengths, we can have an even greater impact on the health and well-being of Wake County and the entire state,” Donald Gintzig, president and CEO of WakeMed, said in a statement given to press. 

The organizations’ deal would maintain WakeMed’s existing codified indigent care requirements—4.8% or more of WakeMed’s total adjusted revenues, according to the county board’s documents, with a contribution to a reserve fund for future services should it fall short in a given year. The $2 billion investment described by the parties are intended to occur within a decade of the deal’s close, per the proposed transfer agreement, but are broadly defined as “capital expenditures in furtherance of WakeMed’s strategic initiatives.” 

The proposed deal would require months of regulatory review before it could go forward. WakeMed’s board has already unanimously approved the transaction during its April meeting, per documents, voting for the system to convert from a non-member nonprofit to a single-member nonprofit in which Atrium would be its sole member.

However, several state and local officials, over the weekend, raised calls for more time to review the deal’s terms and implications ahead of a necessary Wake County Board of Commissioners vote scheduled for Monday—since delayed, per an official—to approve WakeMed’s amended articles of incorporation.

North Carolina State Treasurer Brad Briner, who is also chair of the 750,000-member State Health Plan, on Saturday told the board in a letter that he has “serious concerns” regarding the deal, citing broader hospital consolidation deals that “see the same results over and over—either higher costs or lower quality of care.” 

He said that the promised investments and job creation “will likely occur without this consolidation” due to WakeMed’s profitability, “substantial” borrowing capacity and favorable demographic makeup and growth. The treasurer also called for the board to “at least demand consideration” of an endowment “of well over $1.5 billion from funds paid by Atrium” that could be used to maintain healthcare affordability and accessibility. 

“My background is in finances, but it does not take my expertise to know this is a raw deal,” he wrote while characterizing WakeMed’s effective sales price as “ZERO.” 

State Auditor Dave Boliek, on Sunday, similarly wrote to the Wake County Board of Commissioners that the “proposed hospital takeover raises questions. The lack of transparency does not instill confidence, in fact, it calls for great scrutiny and explanation.”  

As of Monday morning, the county board’s agenda for the evening meeting still shows the planned vote. However, Briner wrote Sunday evening on social media that “thankfully, the board is going to delay the vote.” 

Atrium Health's parent system Advocate Health, formed in 2022 when Atrium combined with Advocate Aurora Health, operates 69 hospitals and over 1,000 total care sites across six states. It reported more than $1.5 billion in operating income (4.0% operating margin) and $4.6 billion of net income last year on $38.9 billion in total revenue.