Advocate, NorthShore Health to Merge Systems - NBC Chicago
Inc Well | Small Business Advice for Chicago Entrepreneurs
A how-to blog for Chicago business

Advocate, NorthShore Health to Merge Systems

New company will be known as Advocate NorthShore Health Partners



    Advocate, NorthShore Health Announce Merger

    09/12/14: NBC Chicago's Trina Orlando reports on the new system that will be known as Advocate NorthShore Health Partners. (Published Friday, Sept. 12, 2014)

    One of the largest health systems in the nation next year will be even larger.

    Advocate Health Care announced plans Friday to merge with NorthShore University HealthSystem.

    The combination, to be called Advocate NorthShore Health Partners, will have 16 hospitals, 4,438 beds and 45,000 employees, the Chicago Sun-Times reported. The financial terms of the deal weren't disclosed.

    Advocate had 2013 revenue of $4.9 billion and NorthShore had $1.8 billion.

    Advocate Chief Executive Jim Skogsbergh said the consolidation will give the group the kind of scale it needs to keep improving health care and safety while reducing costs. Mark Neaman, chief executive of NorthShore, said the deal allows the group to "really respond to what's going on in the external market," and cited the federal Affordable Care Act in specific.

    The two men will serve as co-CEOs of the new group for two years. The deal calls for Neaman to then retire and for Skogsbergh to be sole chief executive. The merger could be complete by early next year.

    Get the latest from NBC Chicago anywhere, anytime

    • Download the NBC Chicago App

      Download the App

      Available for iOS and Android