Chicago & Midwest + Greater Chicagoland + Healthcare | May 11, 2022

Jim Skogsbergh and Eugene A. Woods will serve as co-CEOs of Advocate Health until Skogsbergh retires in 18 months

Advocate Aurora Health Merger Will Create $27B Healthcare System

Advocate Aurora Health, the Chicago area’s largest healthcare provider, said Wednesday it had agreed to merge with Atrium Health, based in Charlotte. The combined company, which will operate under the name Advocate Health, will have combined revenues of $27 billion annually and will be headquartered in Charlotte, with a strong organizational presence in Chicago and Milwaukee, including a new institute for health equity located in Milwaukee.

The new organization will have a combined footprint across Illinois, Wisconsin, North Carolina, South Carolina, Georgia and Alabama. It will serve 5.5 million patients, operate more than 1,000 sites of care and 67 hospitals and employ more than 7,600 physicians and nearly 150,000 teammates.

The merger is subject to approval by the Federal Trade Commission. Jim Skogsbergh of Advocate Aurora and Atrium’s Eugene A. Woods will serve as co-CEOs for 18 months following the merger, after which Skogsbergh plans to retire.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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