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UnitedHealthcare and WakeMed Reach Long-term Agreement

RALEIGH, N.C. (July 16, 2007) -- UnitedHealthcare and WakeMed Health & Hospitals today announced a three-year agreement that provides UnitedHealthcare members with access to the full range of inpatient and outpatient services offered at all of WakeMed’s facilities, WakeMed Faculty Physicians and Home Health.

Terms of the contract, which became effective July 15, 2007, were not disclosed.

“We are pleased to reach an agreement that will provide UnitedHealthcare members in Raleigh and the surrounding areas with access to the outstanding services of WakeMed,” said Austin Pittman, president and CEO of UnitedHealthcare of North Carolina. “UnitedHealthcare and WakeMed are committed to health care that is of high quality and at the same time affordable, and that commitment has been the bedrock of our discussions leading to our long-term agreement.”

“WakeMed remains committed to providing this community with the high-quality, unique services our patients have come to expect from us. We are pleased that UnitedHealthcare members will once again have access to WakeMed’s full range of services at in-network benefit levels,” said William K. Atkinson, Ph.D., president and CEO, WakeMed Health & Hospitals. “We believe this new agreement is in the best interests of the community, physicians and staff, and we look forward to building upon our strong relationship with UnitedHealthcare.”

Both Pittman and Atkinson expressed appreciation to those in the Triangle Community, from physicians and brokers to patients, members and employers, who have provided support and expressed their desire to see WakeMed and UnitedHealthcare arrive at a mutually satisfactory long-term contract that meets the needs of such a broad and diverse community.

UnitedHealthcare of North Carolina serves more than 130,000 members in Raleigh and the surrounding Triangle, through a health care network that includes more than 3,600 physicians and every hospital in Wake and Durham counties. WakeMed had nearly 800,000 patient visits in 2006 through its two acute care hospitals, physical rehabilitation hospital, and nine outpatient facilities.