View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 9, 2021

NorthShore and Edward-Elmhurst Health announce merger plans

The combined company will have an expansive geographic network of hospitals and more than 300 ambulatory facilities.

NorthShore University HealthSystem and Edward-Elmhurst Health in the US have announced plans to merge under a new nine-hospital parent entity.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

Once the merger concludes, the combined entity will have 25,000 team members and more than 6,000 physicians. It will comprise two regions – NorthShore and Edward-Elmhurst.

Through an expansive geographic network of hospitals and more than 300 ambulatory facilities throughout the region, the combined company will serve more than 4.2 million residents.

Together, NorthShore and Edward-Elmhurst will extend their focus on community-connected, expert care.

NorthShore University HealthSystem president and CEO J.P. Gallagher said: “NorthShore and Edward-Elmhurst Health share a vision of delivering expanded access to a transformative, differentiated patient care experience.

“By working together, we will connect patients and communities to personalised care, advanced clinical solutions and innovative technologies through improved access, expertise and services.”

The organisations have also announced plans to create two community investment funds. Each of them will commit $100m to their respective communities.

These funds will be used to support partnerships with organisations working to enhance community health equity.

NorthShore and Edward-Elmhurst are poised for growth in several services such as orthopedics, cardiology, obstetrics and behavioural health.

They propose to maintain existing physician and medical groups and ensure physicians remain the key clinical decision-makers.

The transaction is subject to regulatory review and approval and is slated for completion later this year.

To be led by Gallagher as president and CEO, the new organisation will be governed by a single board of directors with representation from NorthShore, Edward-Elmhurst, Swedish Hospital and Northwest Community Hospital board members.

Joining the executive team of the new organisation, Mary Lou Mastro will maintain leadership as the Edward-Elmhurst region CEO.

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Get important industry news and analysis sent to your inbox
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Hospital Management