Advocate Health Care and Aurora Health Care have received state and Federal Trade Commission approvals to compete their merger and form Advocate Aurora Health, in today's bite-sized hospital and health industry news from Hawaii, Illinois, Maryland, and Wisconsin.
- Hawaii: Kaiser Permanente has named Dave Underriner as president of Kaiser Foundation Health Plan and Hospitals of Hawaii. He succeeds Mary Ann Barnes, who retired last year. Previously, Underriner worked as EVP and CEO of Providence Health & Services' Oregon region (Vaidya, Becker's Hospital Review, 4/2).
- Illinois/Wisconsin: Advocate Health Care and Aurora Health Care have officially merged as Advocate Aurora Health, after receiving state and Federal Trade Commission approvals. The merged entity will have $11 billion in combined total revenue, as well as over 70,000 employees and more than 500 facilities (O'Brien, HealthLeaders Media, 4/2).
- Maryland: MedStar Health on April 9 will open a $1.75 million cancer treatment center at Good Samaritan Hospital. The Franklin Square Cancer Center will be 7,800 square feet and will house 16 oncology experts from the MedStar Health Cancer Network (Eichensehr, Baltimore Business Journal, 4/2).
Get the field guide to hospital partnership and affiliation models
Behind the flurry of M&A in recent years, a deeper trend of hospital integration is underway: the emergence of alternative partnerships that secure many of the same benefits of M&A without the financial and legal commitment: Clinical affiliation, regional collaborative, accountable care organization, and clinically integrated network.
This guide defines these types of partnerships and offers benefits, drawbacks, and examples of organizations in each.