Illinois denies Advocate Aurora, Atrium merger

Board members said they were not given enough details about operational matters and the controlling interests of the new entity, the board said at ...

September 14, 2022
1:02 AM

Board members said they were not given enough details about operational matters and the controlling interests of the new entity, the board said at the hearing today. Advocate Aurora and Atrium Health first announced their intent to merge in May, a plan that includes naming the combined entity Advocate Health. Advocate Aurora CEO Jim Skogsbergh and Atrium CEO Eugene Woods would serve as co-CEOs for the first 18 months, with Skogsbergh eventually retiring, at which point Woods, who is based in Charlotte, would become the sole CEO.

Crain'S Chicago Business