“This is a true merger of equals that is very unique,” said Reynold Jennings, WellStar’s CEO. “We’re really doing this to create a strong, vibrant, full-service healthcare system.” (In such cases, execs like to talk about “mergers of equals,” but that’s almost an oxymoron in reality; there’s almost always a dominant partner, and of course much can be explained by executives’ financial rewards in a merger.)
Modern Healthcare says: “The plan calls for creating a yet-unnamed company that will include Emory’s Atlanta-based hospitals and post-acute-care assets as well as WellStar’s hospitals and post-acute care assets in Atlanta’s northern suburbs.”
