Advocate announced plans to build a $250 million, 60-bed hospital and medical office complex on a 96-acre site in Mount Pleasant, Wis., just 12 miles from an existing Aurora medical center in Kenosha.
The move comes a year after Advocate and NorthShore walked away from a merger that would have made the combination one of the largest not-for-profit hospital networks in the nation, scrapping the plan after federal officials raised antitrust concerns.
After a merger deal, hospitals must decide whether to go to a single EHR system. The process takes time and money, but the efficiencies and savings may be worth it.
The merger, which would unite comparably sized systems in Illinois and Wisconsin to form the country's 10th largest not-for-profit hospital system, got the nod from Wisconsin regulators Thursday.
At Advocate's second simulation center, clinicians and others practice improving patient safety.
The Federal Trade Commission and an Illinois regulatory board have approved the proposed merger between Advocate Health Care and Aurora Health Care. The deal still needs approval from Wisconsin regulators.
The health system, which in December announced plans to merge with Aurora Health Care, hopes to gain greater interoperability with the EHR switch.
The most mergers ever were recorded in 2017 by financial firm Kaufman Hall, which began tracking deals in 2000. Even with that growth, more financially strong systems are attracting interest in being acquired by a larger or better-positioned system.
Two industry innovators are being inducted into the Health Care Hall of Fame—Sister Mary Jean Ryan and George Caldwell. An induction ceremony will take place March 26, in conjunction with the American College of Healthcare Executive's 2018 Congress in Chicago.
The architects of major healthcare deals offer a common rationale: The combinations will lower costs and improve care. But these deals don't get to the root of healthcare's cost problems.
Advocate Health Care and Aurora Health Care combined would be one of the biggest regional health systems
Health systems like Advocate Health Care and Aurora Health Care follow a regional path in their merger agreement.
Although Medicare accountable care organizations generated $652 million in savings last year, the CMS still took a loss on the program as most ACOs were unprepared to take on riskier contracts.