If you wake up in a hospital in Wake County, North Carolina, you may be at one of WakeMed health system's facilities. WakeMed is a network of medical centers including two hospitals, outpatient and emergency clinics, rehabilitation facilities, skilled nursing centers, laboratories, physicians' offices, and home care service agencies. Its hospitals, the WakeMed Raleigh Campus and the WakeMed Cary Hospital, include specialty divisions such as heart care, stroke, trauma, critical care, diabetes, asthma, and children's and women's centers. Combined, its facilities offer about 870 beds. WakeMed also conducts research and medical training programs.
The company has expanded its Raleigh campus to include a new patient tower with intensive care, cardiac care, and pediatric facilities. Construction of the patient tower, featuring two new heart and vascular inpatient floors and Wake County's only dedicated Children's Hospital, was completed in 2010. It is one of nine mother's milk banks in the world. The Mothers' Milk Bank at WakeMed is a non-for-profit organization that has been screening donors, and collecting, processing and distributing human donor milk since 1992. It is a member of the Human Milk Banking Association of North America and distributes more 150,000 oz. of milk each year.
WakeMed opened a sixth emergency department in 2011 at the Brier Creek Healthplex that also houses a dozen private rooms, diagnostic imaging, lab services, and doctors' offices.
In 2011 the company sought to grow further by initiating an offer to buy rival Rex Healthcare, a member of the state-owned, not-for-profit UNC Health Care System, for about $750 million. WakeMed says the acquisition would eliminate duplicate services in the area and help to level the playing field between private care and care subsidized by the government. Unfortunately for WakeMed, Rex Healthcare says it's not for sale and considers the offer "hostile."
WakeMed gets a lot of the areas uninsured patients and in 2010 doled out about $180 million in community benefits which includes charity care, unpaid Medicare bills, health profession education, and improvement and outreach programs.