UNC Health Care has added a ninth North Carolina hospital to its stable of health care facilities the Chapel Hill organization owns or manages.
UNC said Wednesday it plans to enter a management services agreement with Wayne Memorial Hospital, a 316-bed facility in Goldsboro. Wayne Memorial Hospital’s board of directors on Tuesday authorized its executive committee to sign the services agreement with UNC, and both parties said they expected to sign a management deal in the near future.
Under such an agreement, UNC would provide legal, clinical and other professional consulting and management services. UNC currently provides management services to Nash Health Care in Rocky Mount and to Pardee Hospital in Hendersonville. UNC also has a joint venture with Johnston Health in Smithfield and is the owner and operator of UNC Rex Healthcare in Raleigh.
The 120-year-old Wayne hospital has 1,700 employees. The organization reported $10.3 million in operating income for the fiscal year ending Sept. 30, up from $3.5 million the year before. Revenue has increased to $246.3 million in 2015 from $226.5 million in 2014.
In September, Wayne Memorial’s board said it was interested in forming a partnership with a large hospital system, with the goal of achieving cost savings and improved medical services.
The deal with UNC will not involve any sale or exchange of assets, the parties said. Wayne Memorial’s board will maintain local control and none of the hospital’s employees are expected to lose their job as a result of the agreement.