State board puts Advocate-Atrium merger in question
The Illinois Health Facilities & Services Review Board has denied the change of ownership request that would allow Advocate Aurora Health and Atrium Health to merge.
Advocate Aurora and Atrium had sought to complete the change of ownership by Sept. 30. But the motion to grant the change of ownership failed in a 3-2 vote today.
Board members said they were not given enough details about operational matters and the controlling interests of the new entity, the board said at the hearing today.
The ruling puts Advocate's merger timeline in question, as the next scheduled meeting of the regulatory board is Dec. 13.