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Poe Property Gift/Purchase Enables Future Expansion Opportunities for WakeMed Raleigh Campus

RALEIGH, N.C. (January 24, 2012) – WakeMed Health & Hospitals today announces the grandchildren, great grandchildren and family members of Clarence and Alice Aycock Poe have generously gifted the historic Longview House, or Poe House as it is often referred to, and two acres of land upon which it sits to the WakeMed Foundation.

WakeMed has also purchased an additional 13.5 acres adjacent to the Longview House and WakeMed Raleigh Campus. The location of the land and home offer an excellent opportunity for expansion of the WakeMed Raleigh Campus.

“WakeMed is very grateful to the Poe family for their generous donation and for the opportunity to purchase the land that directly abuts our flagship hospital campus. Although specific plans have yet to be developed, the property holds great promise for facility and service future expansion,” commented Dr. Bill Atkinson, WakeMed president and CEO.

“Furthermore, the land and house donation is a fitting tribute to the late Clarence Poe,” Dr. Atkinson continued. “Clarence Poe was a visionary leader in many areas including agriculture, technology and science, print media, public and social policy, and healthcare. Clarence Poe is well known for treating people with equality and a lifelong commitment to the health and wellbeing of our community and our state. This commitment will be embodied in the development of healthcare resources upon his land for the benefit of future generations.”

The Poe House gift, which includes two acres of property, was appraised at $970,000. WakeMed purchased the remaining property for $4 million. The transaction closed December 20, 2011.

About WakeMed Health & Hospitals
WakeMed Health & Hospitals is a private, not-for-profit health care organization based in Raleigh, N.C. The 870-bed system comprises a network of health care facilities throughout Wake and Johnston Counties. Centers of excellence include cardiac and vascular care, women’s and children’s services, physical rehab, emergency and trauma, orthopedics, neurosciences, home care and numerous wellness and community outreach programs. WakeMed’s team of 7,750 employees, 1,000 volunteers and more than 1,000 affiliated physicians serve the residents of North Carolina using the most advanced technologies to ensure the finest in health care. For more information, visit www.wakemed.org.


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