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Why WakeMed Offered to Purchase Rex Healthcare

On May 11, WakeMed offered to purchase Rex Healthcare from the University of North Carolina. We made this offer to purchase in the best interest of the community, the patients we serve and the state.

A combined WakeMed/Rex system has the potential to enhance continuity of care, keep resources local, keep patients closer to home, better address complex issues like mental health, and save money by eliminating unnecessary duplication of services.

For 50 years, WakeMed has proudly provided the vast majority of charity care in Wake County. In fact, according to data compiled by the North Carolina Division of Medical Assistance (DMA), WakeMed is one of the leading providers of uncompensated care for the un- and underinsured in the state, and we do it with no taxpayer support. Rex Healthcare, a state-owned hospital, does not provide its fair share of charity care to our community or the state. WakeMed is also increasingly concerned that a government-subsidized, unlevel competitive landscape will cripple WakeMed’s ability to deliver on its mission of caring for all, regardless of the ability to pay.

We know there are many questions about the proposed purchase, so we have set up a separate blog specifically to help keep the public and the legislature up to date. For more information and timely updates on WakeMed’s offer purchase to Rex, please visit