Wake Forest Baptist Medical Center Will Acquire High Point Regional Health

Wake Forest Baptist Medical Center in Winston-Salem is set to acquire High Point Regional Health. The deal announced Wednesday comes at a time when many companies in the industry are consolidating.

High Point Regional is a private, not-for-profit health care system that serves more than 300,000 patients annually in the Triad.

It's been part of the UNC Health Care System since 2013.

Wake Forest Baptist Executive Vice President and Chief Strategy Officer Terry Williams says right now there's a lot of financial pressure on medical facilities, and consolidation makes economic sense.   

“If your goal is to provide the services that are needed in an advanced way to patients wherever they are, there are costs associated with that,” he says.

The announcement comes shortly after Wake Forest Baptist closed on a lease agreement with Wilkes Medical Center in July. The deal with High Point Regional is expected to be finalized next summer.