UNC Health offered to invest $5 billion in WakeMed as part of a proposed merger, according to documents about the unsolicited proposal The Assembly has obtained.
That’s $3 billion more than Atrium Health offered. But it was not enough to sway WakeMed’s board of directors, which quickly (albeit politely) declined UNC’s proposal.
Though WakeMed says it isn’t for sale, UNC’s bid could throw a wrench into what’s already set up to be an angsty public debate about the future of WakeMed, Raleigh’s largest health care system. UNC Health owns Rex Hospital, WakeMed’s biggest rival in Wake County…