Health

Merger between Advocate Aurora and Atrium completed

Advocate Aurora Health and Atrium Health have completed their merger, the nonprofit health systems announced Friday.

The combined organization has more than $27 billion in revenue, 67 hospitals—40 from Atrium in Charlotte, NC, and 27 from Advocate Aurora, headquartered in Downers Grove, Illinois, and Milwaukee—and nearly 150,000 employees in Alabama, Georgia. , Illinois, North Carolina, South Carolina and Wisconsin. The deal is the latest in a series of regional health system mergers.

The Illinois Healthcare Institutions and Services Supervisory Board signed the deal last month after initially denying it in September when board members raised concerns over control of 10 affected Illinois hospitals. The office of Illinois Attorney General Kwame Raul (D) and the Federal Trade Commission did not immediately respond to a request for comment.

The office of North Carolina Attorney General Josh Stein (D) said Friday the state will take no action because there is “no legal basis within the office’s limited statutory powers to try to prevent the Atrium-Advocate Aurora deal.”

While Atrium estimates that the company will invest between $25 million and $50 million over the coming years to expand services to low-income communities in North Carolina, the health care system can and should do more, Stein said, adding that he is concerned about the combination’s possible impact on access to healthcare. .

Advocate Health, the new name of the combined organization, told Stein that it will maintain the current level of care in critical wards, provide care for the underprivileged, ensure that no patient is denied care due to inability to pay, and provide assistance to Medicaid and Medicare recipients. without discrimination.

This is an evolving story. Please stay tuned for updates.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button