People enter the Aurora Medical Center on June 25, 2014,
MILWAUKEE — Once Advocate Health Care and Aurora Health
Care merge into the 10th largest not-for- profit,
integrated health care system in the United States, it
will serve nearly 3 million patients each year.
The plans for
the two health care providers to merge were announced Monday. The
reasons provided for the merger were enhanced scale, expanded
access, greater efficiencies and a shared commitment to transform
the care delivery model.
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, M.D., president
and chief executive officer of Aurora, in a statement. “We are
fortunate that our organizations are coming together from unique and
complementary positions of strength, particularly at a time of
evolving industry dynamics. Working together, we will deliver on the
promise of value for the people who receive, provide and pay for
Monday’s announcement, both the Chicago-based Advocate and
Milwaukee-based Aurora boards of directors approved the plan.
Advocate and Aurora already have had joint ownership and operation
of ACL Laboratories for 20 years.
“This merger is
about transforming care delivery and reimagining the possibilities
of health as bigger meets better and size meets value to benefit
consumers,” said Jim Skogsbergh, president and chief executive
officer of Advocate, in a statement. “By joining forces we will be
able to expand our network to scale innovation and create a
destination in the Midwest for patients and the talented clinicians
who care for them.”
the new organization will operate 27 hospitals, more than 500 sites
of care, employ more than 3,300 physicians and nearly 70,000
associates and caregivers.
annual revenues are expected to be approximately $11 billion. The
agreement includes a plan for a single board of directors comprising
an equal number of members from Advocate and Aurora, with Skogsbergh
and Turkal as co-CEOs.
and Aurora names will continue to be used. Each system will maintain
its current headquarters.
is subject to state and federal regulatory review and approval,
including the Federal Trade Commission and agencies within Illinois
expected by mid-year 2018.