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Advocate Aurora Health Signs Definitive Agreement for Carle to Acquire Advocate BroMenn and Eureka Hospitals

Transition Will Benefit Central Illinois Region Through Improved Access and Coordination

Bloomington, IL – Advocate Aurora Health and the Carle health system today announced they have entered into a definitive agreement for Carle to acquire Advocate BroMenn Medical Center and Advocate Eureka Hospital and affiliated sites in Central Illinois. Both organizations cited Carle's strong local footprint and a proven track record of successful partnership, enhanced access and coordination of care, and services for patients in Central Illinois as key drivers for the transaction.

“This transition is positive news for our patients, team members and physicians as it further supports our commitment to provide high quality, accessible health care for the Central Illinois region,” said Colleen Kannaday, president of Advocate BroMenn Medical Center and Advocate Eureka Hospital, who will remain on as president. “Our relationship with Carle is built upon a strong foundation of successful clinical partnerships and we look forward to a seamless transition.”

Carle and BroMenn have a longstanding history of partnering to bring expanded access to health care services to Central lllinois. Together they provide care in the areas of maternal and fetal medicine, trauma and specialized oncology services. Carle is also a joint venture partner with Advocate BroMenn in The Center for Outpatient Medicine and offers health plan coverage through Health Alliance to BroMenn and Eureka team members.

As a vertically integrated health system, Carle includes hospitals, physicians, health insurance, research and academic medical services for patients. Carle is focused on quality care.

“We look forward to welcoming Advocate BroMenn, Eureka, the Medical Group and other clinical teams to Carle. Our providers, hospitals and health plan have long partnered to deliver care through joint services, referrals and health coverage. We believe that coming together will allow us to use the strengths of our organizations to offer new programs to serve the region,” said James C. Leonard, MD, Carle president and chief executive officer.

Since Advocate Aurora acquired BroMenn and Eureka in 2010, the system has made investments to improve facilities, upgrade technology, and expand access to care in the community. Given the evolving landscape and market dynamics, the organization's strategy has changed, and its growth focus has shifted to other geographies at this time.

“Our consumers are at the center of everything we do and sometimes we must look outside our walls to best serve their needs,” said Jim Skogsbergh, president and chief executive officer of Advocate Aurora Health. “Carle is a well-respected, financially-strong provider who shares our commitment to excellence, and we are fully confident they will serve our talented team members, physicians and communities well. It's been a privilege to serve the great people and communities in Central Illinois and we are committed to a smooth transition for all.”

Both the Advocate Aurora and Carle governing boards approved the plan, announcing the decision to physicians, nurses and team members in both organizations today. Terms of the transaction are not being disclosed. The transaction is subject to regulatory approval, including by the Illinois Health Facilities and Services Review Board and the Federal Trade Commission. Closing is expected by mid-year 2020. Patient care will not be impacted.

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About Carle

Carle health system combines clinical care, health insurance, research and academics in a way that solves real-world problems today with an eye toward the future. Based in Urbana, IL, The Carle Foundation is vertically integrated with more than 7,000 employees, including more than 1,000 doctors and advanced practice providers. Its hospitals, physician group, health plan and associated healthcare businesses include the Carle Illinois College of Medicine, the world’s first engineering-based medical school, and Health Alliance, a leading provider-driven health plan serving Illinois, Iowa, Indiana, Ohio and Washington. Carle is dedicated to making life better for as many as possible through its mission to serve people through high-quality care, medical research and education.

About Advocate Aurora Health

Advocate Aurora Health is one of the 10 largest not-for-profit, integrated health systems in the United States and a leading employer in the Midwest with more than 70,000 employees, including more than 22,000 nurses and the region’s largest employed medical staff and home health organization. A national leader in clinical innovation, health outcomes, consumer experience and value-based care, the system serves nearly 3 million patients annually in Illinois and Wisconsin across more than 500 sites of care. Advocate Aurora is engaged in hundreds of clinical trials and research studies and is nationally recognized for its expertise in cardiology, neurosciences, oncology and pediatrics. The organization contributed $2.1 billion in charitable care and services to its communities in 2018. We help people live well.

Media Contacts

Advocate Aurora Health
Terri Hickey
terri.hickey@advocatehealth.com
773-902-5201

Carle
Jennifer Hendricks Kaufmann
publicrelations@carle.com
217-902-5201