WILMINGTON, NC (WWAY) — Novant Health argued their case before the Partnership Advisory Group, who are responsible for determining the best options for a sale or partnership for New Hanover Regional Medical Center.
Over the course of the process, many community members have raised concerns that access to affordable quality care would be negatively impacted if NHRMC were to sell or partner with another organization. But, Novant argued that wouldn’t be the case with them.
“We’re bringing the best of both worlds,” said Novant President and CEO Carl Armato. “We’re bringing the best community hospital, but we’re also bringing UNC.”
The non-profit organization is offering a partnership with $2 billion in cash upfront and $3.1 billion in capital investments.
“We want you to know we have the resources to back that up,” Armato said.
Novant currently operates 650 clinics and 15 hospitals from Northern Virginia to South Carolina.
“We have a great deal of experience of operating very large markets across different geographies,” Armato said.
He also emphasized that partnering with NHRMC would be a great opportunity to expand healthcare in southeastern North Carolina, bringing it up to par with larger markets like Winston-Salem and Charlotte.
“We see an operation right out of the gate of having 67 clinics, 3 hospitals, and over $1.6 billion in revenue,” Armato said.
Since the process began to explore a sale or partnership for the county-owned hospital, many in the Cape Fear have shared concerns that the quality of care would go down, or that uninsured patients would be turned away.
Armato says Novant wants everyone to have access to superior healthcare.
“Anyone at or below 300% percent of the federal poverty level does not get a bill from Novant Health,” he said.
In May, Novant announced an agreement with UNC. If Novant is chosen as the partner for NHRMC, UNC medial programs would remain at the hospital.
“We also want to expand the opportunities for training as a resident and as a fellow, where you’re more likely to have people stay long-term in the area,” said UNC School of Medicine Dean Wesley Burks.
Wednesday night’s presentation was the second of three that will take place this week. Duke Health presented on Tuesday and Atrium Health will present Thursday.
Click here to watch Novant and Duke’s presentation. Novant’s presentation will be posted Thursday.