Atrium Health and Advocate Aurora Health closed on their formal combination Dec. 2, resulting in a newly combined $27 billion, 67-hospital system called Advocate Health — the fifth-largest nonprofit health system in the U.S., Becvker’s reports.
Charlotte, N.C.-based Atrium and Advocate Aurora, dually headquartered in Milwaukee and Downers Grove, Ill., announced their plan to combine May 11. Geographically, the Charlotte-based combined system reflects something close to a crooked semicolon, with footprints in Illinois, Wisconsin, North Carolina, South Carolina, Georgia and Alabama.
Atrium President and CEO Eugene Woods and Advocate Aurora President and CEO Jim Skogsbergh will lead the combined health system as co-CEOs for the first 18 months. From then, Skogsbergh will retire and Woods will become the sole CEO. The board of directors is made up of an equal number of members from Advocate Aurora and Atrium Health. Read more.
