On August 12, 2020, Sentara Healthcare, in Norfolk, Virginia and Cone Health in Greensboro, North Carolina signed a letter of intent to combine organizations. Both are regional, community-based health systems. The combined organization is subject to state and federal regulatory review and customary closing conditions and is anticipated to close in mid-2021. Following that, it is expected to take up to two years to fully combine and integrate.

After the merger closes, Howard P. Kern will oversee the combined organization; Mr. Kern is Sentara’s current president and chief executive officer (CEO). The combined organization will have corporate . . .

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