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Beaumont, Advocate Aurora Scrap Merger Talks
Five months after signing a non-binding letter of intent, Advocate Aurora Health and Beaumont Health have mutually agreed to end partnership discussions. The merger would have created a health system spanning Michigan, Wisconsin and Illinois, among the Midwest’s largest.
“We continue to have a very high regard for Advocate Aurora Health,” said John Fox, president and CEO of Southfield, MI-based Beaumont Health. “But at this time, we want to focus on our local market priorities and the physicians, nurses and staff who provide compassionate, extraordinary care every day.”
Although discussions began in late 2019, they were put on hold earlier this year as COVID-19 accelerated across the Midwest.
“We have great respect for Beaumont Health, and we continue to believe scale will play a critical role in advancing quality, accelerating transformation and reducing cost in the healthcare world of tomorrow,” said Jim Skogsbergh, president and CEO of Milwaukee-based Advocate Aurora.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
