![]() The rumors were confirmed to be true by both organizations in September, and the two are planning to create a nine-hospital system, with one being a behavioral health hospital. Rumors began to spread in late August of a potential merger between Chicagoland’s NorthShore University HealthSystem and Edward Elmhurst Health. Throughout the pandemic, the hospital industry has seen a decline in the total number of acquisitions and mergers among healthcare systems, but an uptake in the size of healthcare systems engaging in potential M&A transactions. Parrott will be made head of Ascension’s local hospitals and clinics following the split, while Amita’s chief operating officer, Thor Thordarson, will take charge of AdventHealth’s local hospital clinics. Ascension and AdventHealth plan to operate their individual hospitals and care sites in the Chicagoland area. Alexius Medical Center, treated the second confirmed case of COVID-19 in the U.S. That same year, one of its hospitals, St. Current CEO Keith Parrott took the helm of Amita in January 2020. The organization doubled in size in 2018 after absorbing Presence Health, a local Catholic healthcare system acquired by Ascension that consisted of 10 hospitals. It earned $3.6 billion in 2020 net patient revenue, according to Crain’s Chicago Business. While Chicago’s largest in size, Amita ranked third in revenue behind Advocate Aurora Health and Northwestern Medicine. They add that there will be “no disruption to patient care,” and said they will continue to maintain their strong relationship. ![]() “Leaders of both sponsoring organizations have determined that going forward separately is in their collective best interest in order to more nimbly meet the changing needs and expectations of consumers in the rapidly evolving healthcare environment,” said both companies as the reason for the split. The organizations announced in a statement Thursday that they will be dividing up the 19 hospitals under Amita, reported Crain’s Chicago Business. Ascension and AdventHealth are calling it quits on Amita Health, a health system formed by the two in 2015 that grew to become the largest in the Chicago area. ![]()
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