- Associated Press - Wednesday, March 25, 2015

RALEIGH, N.C. (AP) - Three regional hospital chains operating hundreds of locations across North Carolina are officially combining purchasing and standardizing some medical practices.

Vidant Health in Greenville, Wake Forest Baptist Medical Center in Winston-Salem and WakeMed Health & Hospitals in Raleigh on Tuesday announced new details in their shared services agreement.

Six months ago, the health systems announced plans to create a new company, owned by all three organizations. They said their goal would be to work together to improve quality and affordability for patients across the state, using size to force discounts on purchases of hospital equipment and other supplies

The name of the shared services company is Socius Health Solutions. The new entity operates as a separate limited liability company with a board comprised of representatives from all three health systems.

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