![]() ![]() “Our goal on this is to grow market share for Beaumont Health and to have a bigger impact in Michigan," Fox said, "and by virtue of the synergies and the benefits of this combination, we think we’ll be in a great position to do so."įox told reporters Wednesday that the Advocate Aurora deal has nothing to do with the May cancellation of Beaumont's plans to acquire the smaller Akron, Ohio-based Summa Health system. The new parent organization would have its own name - still to be determined.īeaumont CEO John Fox said on Wednesday the deal is now in a due-diligence period and could be finalized later this year, pending approval from state attorneys general and an antitrust review by the Department of Justice. Beaumont is the largest hospital system in Michigan with eight hospitals. The deal is not a sale, but rather an asset merger of the hospital systems under the control of a single, 15-member board of directors that would have equal representation from the legacy Beaumont, Advocate and Aurora systems.īeaumont would keep its brand name and a regional headquarters in Michigan. Beaumont Health announced Wednesday that it is considering a merger with a large out-of-state hospital system, a deal that Beaumont says isn't expected to result in layoffs and will give it the safety of bigger size amid uncertainties in the health care business.īeaumont said it has signed a nonbinding letter of intent with Advocate Aurora Health, a 28-hospital system in Illinois and Wisconsin that was formed by a 2018 merger of suburban Chicago-based Advocate Health Care and Milwaukee-based Aurora Health Care.Ĭombined, the organizations would form a massive $17-billion nonprofit hospital system with dominant presences in three states.
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