Cone Health ends partnership talks with Randolph Health

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RANDOLPH COUNTY, N.C. — Randolph Health is searching for a new successor health care organization after Cone Health ended partnership talks with the hospital. 

On Tuesday, Cone Health announced it would no longer become the ultimate successor for Randolph Health. 

The plan was for Cone Health to eventually replace Randolph Health as the main health care provider in the county. 

Cone Health officials released a statement that said in part, “The proposed successor plan held several significant operational and clinical challenges which are only made greater by what Cone Health and all health care systems are experiencing with the COVID-19 pandemic. Cone Health simply cannot extend itself to take on a project with this level of risk at this time.”

Securing a successor organization was a key part in attaining a $20 million loan Randolph Health applied for at the beginning of the year to stay open. 

That money would cover its operating costs for three years, and in that time frame, Cone Health would build a new hospital. 

Now the application is in jeopardy, along with the future of medical care in the county. 

The chair of the Randolph County Commissioners Board tells FOX8 that Randolph Health already hired a firm to search for a new successor. 

Randolph Health says it will continue the bankruptcy process and evaluate how to move forward. 

The full statement is provided below:

“Cone Health has ended talks with Randolph Health about becoming the ultimate successor organization when Randolph Health leaves bankruptcy. The successor organization was part of a complex plan where Cone Health would eventually replace Randolph Health as the main health care provider in Randolph County.

“Cone Health has completed its evaluation of a plan to work with Randolph Health on a new model of care, and we have decided we cannot be a potential successor health care organization for that community,” says Terry Akin, CEO, Cone Health. “We did not reach this decision lightly, but we feel strongly that this is the best step for our organization and communities at the present time and under current circumstances.”

The proposed successor plan held several significant operational and clinical challenges which are only made greater by what Cone Health and all health care systems are experiencing with the COVID-19 pandemic. Cone Health simply cannot extend itself to take on a project with this level of risk at this time.

Randolph Health will continue to proceed through bankruptcy and evaluate the next steps for the community it serves. Cone Health will continue to support Randolph Health leadership through our existing management services agreement. Moreover, we will continue to serve the health care needs of Randolph County residents through collaboration with Randolph Health where possible, and through an array of established Cone Health programs and services.”

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