Novant Health absorbs 50-year-old Wilmington surgical practice
What's the deal? Novant HealthDealroom has a profile for this one. Try Dealroom → has acquired Wilmington Surgical AssociatesDealroom has a profile for this one. Try Dealroom →, which will now operate as an affiliate under the same name. Terms were not disclosed. The same surgeons and advanced practice providers will stay with the practice.
What does the practice do? Founded more than 50 years ago, Wilmington Surgical offers general surgical care alongside breast, oncologic, and bariatric surgery, plus wound and vein care.
What's the endgame? Novant Health gains an established team that already holds privileges at its New Hanover Regional Medical CenterDealroom has a profile for this one. Try Dealroom →, where the surgeons have performed thousands of procedures.
"Becoming part of the Novant Health network allows us to continue delivering expert surgical care while connecting patients to additional resources and a more coordinated care experience," said Gregory Bebb, a board-certified surgeon and director of the breast surgery center.
Why now? The practice has been investing in growth. It moved into a new 20,000-square-foot facility at 2739 Iron Gate Drive in 2024, on a site it bought for $925,000 in 2023, after operating from Medical Center Drive since 1972.
"For more than 50 years, Wilmington Surgical Associates has expertly cared for our community," said Laurie Whalin, president of Novant Health's Coastal Region. "We look forward to strengthening our relationship and working with these experienced physicians."
The signal: The deal continues a broader push by health systems to fold independent physician practices into their networks, tightening the link between hospitals and the specialists who already work within them.
Read more: WilmingtonBiz
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