The County of Wake and WakeMed, a North Carolina nonprofit corporation, have agreed to a second amendment to their transfer agreement. The amendment outlines the terms of WakeMed's strategic combination with Atrium Health, Inc., including WakeMed's commitment to provide community general hospital services and indigent care. The County retains a reversionary interest in certain real property and WakeMed agrees to operate the restricted property as a community general hospital.
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Summary
The County of Wake and WakeMed, a North Carolina nonprofit corporation, have agreed to a second amendment to their transfer agreement. The amendment outlines the terms of WakeMed's strategic combination with Atrium Health, Inc., including WakeMed's commitment to provide community general hospital services and indigent care. The County retains a reversionary interest in certain real property and WakeMed agrees to operate the restricted property as a community general hospital.