Cone Health (formerly Moses Cone Health System) serves patients in central North Carolina through five acute and specialty care hospitals with a total of more than 1,000 beds. Its facilities include Moses H. Cone Memorial Hospital, Wesley Long Community Hospital, Annie Penn Hospital, Moses Cone Behavioral Health Center, and the Women's Hospital of Greensboro. Specialty services include rehabilitation, cancer treatment, neurology, and heart and vascular care. The health care provider also operates outpatient clinics and nursing homes. Founded in 1911; its flagship hospital was named after textile giant Cone Denim's founder, Moses Cone (it was started in Cone's honor by his wife, Bertha Cone).
Cone Health is expanding through strategic partnerships and organic growth. In October 2012 the five-hospital system entered into a 10-year management services agreement with Carolinas HealthCare System, the largest health-care system in the Carolinas and the second-largest public system in the US. Hospital officials expect the move will improve its purchasing and negotiating power, while providing management expertise to Cone Health's hospitals. (Under the terms of the agreement, the ownership and direct management of Cone Health remains local, but the hospital's CEO, CFO, and COO all became employees of Carolinas HealthCare System.) The management agreement with Carolinas HealthCare System is not expected to affect Cone Health's pending merger with North Carolina-based Alamance Regional Medical Center. The intent of the merger, announced in late 2011, is to broaden the health system's service area and create efficiencies for the network. The merger of Cone Health and 210-bed Alamance is subject to antitrust review by the Federal Trade Commission.
Also in 2012 Cone Health embarked on a $7.7 million renovation of its Annie Penn Hospital (slated for completion in fall 2014). It also opened a new emergency department at Wesley Long Hospital that year. – less
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