The Wilson Medical Center Board of Directors has taken the next step in becoming part of Duke LifePoint Healthcare. The organizations have signed a definitive agreement to form a joint venture. The proposed joint venture, which will provide Wilson Medical Center with resources to enhance its services and invest in its growth, is moving forward following a positive vote by the Wilson County Board of Commissioners. The agreement is under review by the Attorney General of North Carolina.
"Duke LifePoint is the ideal partner for our hospital as we seek ways to strengthen and grow Wilson Medical Center for the future," said Jim Pridgen, Chairman of the Wilson Medical Center Board of Directors. "The due diligence we have conducted over the past several weeks has confirmed the tremendous benefit a relationship with Duke LifePoint can offer our employees, physicians, patients and community. We look forward to taking the next step in our proposed joint venture."
Under the terms of the definitive agreement, Duke LifePoint would own 80 percent of the joint venture, while Wilson Medical Center and the community would have a 20 percent ownership stake. The joint venture would commit to $120 million in capital investments at Wilson Medical Center over the next decade.
"Wilson and Duke LifePoint are united on several important issues including a dedication to quality care, a commitment to our employees and medical staff, and an understanding of the importance of local involvement in the future of our hospital," said Rick Hudson, President and CEO of Wilson Medical Center. "It is exciting to align with an organization that brings these shared values to table along with tremendous clinical, quality and operational resources that can help us strengthen our services and prosper."
As part of the definitive agreement, governance of Wilson Medical Center would be shared equally by Duke LifePoint and Wilson though the creation of a 10-member board with equal representation from both organizations. This board will help ensure a strong community voice in the strategic direction of the hospital.
"Wilson Medical Center is a well-respected provider of quality healthcare in Wilson County," said William J. Fulkerson, Jr., MD, Executive Vice President of Duke University Health System. "Duke LifePoint is excited at the prospect of partnering with Wilson Medical Center's dedicated board, management team, clinical staff and employees to strengthen and enhance healthcare in its communities."
