Wel­lS­tar ends merger talks with Emory in Ge­or­gia

Modern Healthcare - - LATE NEWS - —Me­lanie Evans

Wel­lS­tar Health Sys­tem has ended merger ne­go­ti­a­tions with Emory Health­care. The board chair­man of Ma­ri­etta, Ga.-based Wel­lS­tar said in a news re­lease that the de­ci­sion fol­lowed months of talks. The merger did not fit into Wel­lS­tar’s “new strate­gic di­rec­tion,” Chair­man Gary Miller said. Miller added that Wel­lS­tar would look for other po­ten­tial part­ners.

Emory re­leased a state­ment say­ing it still be­lieves the merger would ben­e­fit the two sys­tems and the com­mu­ni­ties they serve. The deal, first an­nounced in Fe­bru­ary, would have com­bined the two sys­tems’ largely sep­a­rate mar­kets un­der a jointly gov­erned or­ga­ni­za­tion. Wel­lS­tar’s chief ex­ec­u­tive had lauded the po­ten­tial deal as a “merger of equals.” Emory Health­care’s pa­tient rev­enue to­taled $2.5 bil­lion in the last fis­cal year. Wel­lS­tar Health Sys­tem ended its last fis­cal year with $1.6 bil­lion in pa­tient rev­enue.

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