Headquartered in Charlotte, North Carolina, Advocate Health serves nearly 6 million patients and is engaged in hundreds of clinical trials and research studies.
Providing care under the names Advocate Health Care in Illinois, Atrium Health in the Carolinas, Georgia and Alabama, and Aurora Health Care in Wisconsin, Advocate Health is a national leader in clinical innovation, health outcomes, consumer experience and value-based care, with Wake Forest University School of Medicine serving as the academic core of the enterprise. Media Contacts Adam Mesirow: Advocate Aurora Health | Chris Berger: Atrium Health | Advocate Health Advocate Health is the fifth-largest nonprofit integrated health system in the United States – created from the combination of Advocate Aurora Health and Atrium Health. The health system delivers nearly $5 billion in annual community benefit. With revenues of more than $27 billion, the newly combined organization comprises more than 1,000 sites of care and 67 hospitals with more than 21,000 physicians and nearly 42,000 nurses. Michele Richardson, chair of Advocate Aurora’s board of directors, will assume leadership for the immediately succeeding two-year term.Īdvocate Health serves nearly 6 million patients annually and is the fifth-largest nonprofit integrated health system in the nation. Nelson, chair of Atrium Health’s board of directors, will chair the new organization’s board until Dec. The board of directors comprises an equal number of members from Advocate Aurora and Atrium Health. The Advocate Health Care, Atrium Health and Aurora Health Care brands will continue to be used in their respective local communities, with Wake Forest University School of Medicine serving as the academic core of the combined entity. “We couldn’t be more pleased to bring our organizations together to do more, be better and go faster to help more people live well while training the next generation of health care professionals,” said Jim Skogsbergh, who will serve alongside Woods as chief executive officer until his retirement in 18 months.Īdvocate Health is headquartered in Charlotte, while maintaining a strong presence in the Chicago and Milwaukee areas, including a planned, new, Milwaukee-based institute for health equity. Woods, chief executive officer of Advocate Health. “Powered by 150,000 teammates – including the best and brightest physicians, nurses, researchers and faculty – we are poised to push past traditional geographic and care delivery boundaries to create a healthier tomorrow for all,” said Eugene A. The organization aims to bring medical innovations to patients more quickly, address the root causes of health inequities, advance population health, enable career advancement and achieve carbon neutrality by 2030.
In addition to delivering the best health outcomes and making care more accessible and affordable, Advocate Health is committed to being a force for meaningful social impact. The combined organization will focus on best meeting patients’ needs by redefining how, when and where care is delivered. – After sharing plans to come together in May, Advocate Aurora Health and Atrium Health today announced they have closed on their formal combination to create Advocate Health. The combined entity will be led by both CEOs for the first 18 months, after which time Advocate’s CEO Jim Skogsbergh will retire, leaving Atrium’s CEO Eugene Woods as the sole leader.CHARLOTTE, N.C. Instead, economists told Healthcare Dive, the FTC is likely to examine insurer overlap in the case of Advocate Health. The combined entity operates in Illinois, Wisconsin, Georgia, North Carolina, South Carolina and Alabama.Įmployers with multiple locations and employees in these six states “might have a reason to be concerned about any potential change in bargaining leverage of these two systems when it comes to negotiating with, say, UnitedHealthcare,” Leemore Dafny, a Harvard Business School professor and former deputy director of healthcare and antitrust at the FTC, previously told Healthcare Dive. The two systems do not have any geographic overlap, an aspect that has tripped up prior hospital mergers. When asked whether the system had heard from the FTC and whether the agency decided to forgo challenging the deal, Advocate Health told Healthcare Dive, “We have taken all necessary action related to any regulatory approvals.”
However, the Federal Trade Commission warned last year that it had been hit with a “tidal wave” of merger filings and could not review all deals before required deadlines. Historically, if these merger deals closed without a challenge it signaled that regulators chose not to take action, Jim Burns, chair of the Williams Mullen Antitrust and Trade Regulation Practice Group, told Healthcare Dive.
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