Medical University of Chicago and AdventHealth have signed a definitive agreement to enter into an affiliation that will increase access to an array of cutting-edge services, treatment options, and clinical trials for residents of the western suburbs of Chicago. .
Under the proposed affiliation, UChicago Medicine will acquire a controlling interest in AdventHealth’s Great Lakes Region – which includes its four Illinois hospitals in Bolingbrook, Glendale Heights, Hinsdale and La Grange – with AdventHealth retaining remaining ownership and continuing to manage the daily operations of the facilities. UChicago Medicine and AdventHealth will each retain their current system-level governance and administration structures.
The transaction will provide consumers with seamless access to primary, specialty and subspecialty medical care across both organizations.
“Joining UChicago Medicine will allow us to continue our mission and enhance our ability to provide high-quality, comprehensive care to more people in the communities served in the Greater Chicago Area,” said President and CEO of UChicago Medicine. ‘Advent Health, Terry Shaw.
The affiliation plans follow UChicago Medicine’s announcement in February 2022 to build a US$633 million stand-alone comprehensive cancer center; the August inauguration of a 130,000 square foot (approximately 12,100 square meter) multi-specialty outpatient center in Crown Point, Indiana; and the summer launch of the South Side Healthy Community Organization, a collaboration between UCM and 12 other healthcare organizations dedicated to improving access to high-quality care and intended to serve more than 400,000 residents. of the region.
“We have been focused on building UChicago Medicine’s ability to provide exceptional healthcare to the communities we serve and expanding our access points through new partnerships and locations in the region,” Kenneth Polonsky, dean and executive vice president for Medical Affairs at the University of Chicago. “After regulatory approval of this affiliation, we look forward to working with the management, physicians and staff of AdventHealth Great Lakes.”
Based at the University of Chicago campus on the south side of the city, UChicago Medicine is an integrated academic health system that includes hospitals, outpatient clinics, and physician offices throughout Chicagoland as well as the suburbs and north -western Indiana. The health system provides a full range of specialty care services for adults and children through more than 40 institutes and centers, including an NCI-designated Comprehensive Cancer Center.
AdventHealth is a large, thriving health system headquartered in Florida that operates 51 hospital campuses in nine states with more than 80,000 team members, 2,400 employed physicians, and nearly 18,000 medical staff providers nationwide. organization. AdventHealth’s Great Lakes Region includes AdventHealth Bolingbrook, AdventHealth GlenOaks, AdventHealth La Grange and AdventHealth Hinsdale, which has served the community for more than 100 years, as well as nearly 50 primary and specialty practice locations and two multi-specialty outpatient centers. The Carol Stream and Woodridge Ambulatory Centers offer primary and specialty care providers, diagnostic imaging services, and laboratory services.
“Partnering with a leading, locally-based academic medical institution will allow us to combine the best of community care with academic capabilities to expand subspecialty care and develop high-quality multidisciplinary services,” said Thor Thordarson. , president/CEO of AdventHealth Great Lakes Region, said. “This affiliation will produce an expanded and diverse physician network, with more than 3,500 providers, to provide better integrated, better coordinated and more comprehensive patient care.”
The proposed transaction requires regulatory approvals. The parties are working towards an official closing date in late 2022 or early 2023.
“We are thrilled to be able to provide enhanced services to patients who live in the western suburbs by bringing the clinical innovations and highly specialized care of UChicago Medicine to hospitals in the Great Lakes region while maintaining the AdventHealth’s historic commitment to convenient access to high-quality, community-based care,” said Tom Jackiewicz, president of the University of Chicago Medical Center and chief operating officer of UChicago Medicine.
The original version of this story was published by AdventHealth.