Advocate Health care at Downers Grove along with Aurora Health Care, the biggest health organization in Wisconsin, plan to Unite to Make Advocate Aurora Health, the 10th Biggest non-profit health system in the U.S. Expecting annually to serve almost 3 million patients, both associations say the merger will improve scale, expand access and enhance efficiency.
This merger is about altering care delivery and re and size and value meet to benefit customers, said Jim Skogsbergh, ceo and president of Advocate. By joining forces we’ll be able to expand our network and make a destination in the clinicians who take care of them and the Midwest for individuals.
The statement comes an almost 2 year conflict to unite with NorthShore University 20, about 9 months after Advocate ended. The FTC argued that rising healthcare costs could be faced by customers, whilst the system could have less incentive. That merger would have created a company composed of 16 hospitals with approximately 45,000 employees serving over 3 million individuals annually, making it the 11th biggest non-profit health care system from the U.S.
Business directors organizations board was made up from NorthShore and Advocate, and the companies consolidated financial statements. A comparable deal is planned with that the current proposal, except that the merger is taking place over state lines.
Advocate officials said this deal is all more promising since the two healthcare systems have contiguous, but not overlapping geography, which is all how a US government defined that the Advocate and NorthShore markets. For that the communities in Illinois and Wisconsin that we serve and for our two organizations, this is an unprecedented opportunity to shape our future and better serve patients, said Nick Turkal, president and ceo of Aurora, the largest healthcare organization in Wisconsin.
The Advocate along with Aurora boards of directors approved that the plan, that was announced to physicians, nurses, associates along with care providers in both organizations Monday.
The merger will build on that the 20 year relationship that the two wellbeing systems had throughout that the joint ownership and operation of ACL Laboratories. The new organization will manage 27 hospitals along with more than 500 sites of care along with employ more than 3, 300 physicians and nearly 70, 000 associates and care providers, based on a news release.
Aurora Board Chair Joanne Disch will chair that the Advocate Aurora Health board of company directors throughout the 1st year of operation, along with Advocate Board Chair Michele Richardson will assume leadership for that the second year. The plan also outlines a unified vision, along with plans to consolidate balance sheets. The Advocate along with Aurora names will continue to be used