CHARLOTTE, NC (WGHP) — Healthcare giants Advocate Aurora Health and Atrium Health announced their merger on Wednesday.
“The world of healthcare as we know it is changing at lightning speed – and it is rapidly becoming more digital, personalized, scientific and complex,” said Eugene A. Woods, President and CEO of Atrium Health.
Attorney Aurora Health and Atrium Health cite six key areas of impact from their merger.
- Clinical preeminence and safety
- Health Equity
- Next Generation Workforce
- Learning and discovery
- Environmental sustainability
The companies will also commit $2 billion to “disrupt the root causes of health inequities in underserved rural and urban communities,” according to a press release announcing the merger.
They are also committed to achieving carbon neutrality by 2030 and creating more than 20,000 new jobs.
“Together we can do more, be better and move faster, this combination harnesses our complementary strengths and the expertise of our doctors, nurses and teammates to lead the transformation of healthcare for those we are so proud to serve” , said Jim Skogsbergh, President and CEO. CEO of Advocate Aurora Health.
The new organization will now have roots in North Carolina, South Carolina, Georgia, Alabama, Wisconsin and Illinois, serving more than 5 million patients at more than 1,000 care sites.
The merger was unanimously approved by the boards of Advocate Aurora Health and Atrium Health.
“We share a bold vision for the future as we aspire to create a consumer-driven system aimed at improving the lives of individuals in the diverse communities we serve,” said Edward J. Brown III, Chairman of the Board of administration of Atrium Health.
The Advocate Aurora Health and Atrium Health brands will continue to be used in their respective local markets under the new Advocate Health brand. This means Atrium Health Wake Forest Baptist Medical Center will continue to carry that name.
Wake Forest University School of Medicine will serve as an academic partner for Advocate Health. Advocate Health will also use Charlotte as its headquarters.
“This combination of two leading healthcare organizations will create even more opportunities for Wake Forest University School of Medicine to lead academic research and education missions. With access to a large clinical network, we will have a greater impact on training the next generation of physicians and healthcare workers, and we will be able to accelerate translational research, health equity , learning and discovery,” said Wake Forest University President Susan R. Wente. .
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