par John R. Fischer
, Senior Reporter | July 10, 2020
NorthShore previously had a plan starting in 2014 to merge with Advocate Health Care but walked away from it in 2017 after the Federal Trade Commission challenged the proposed merger. A federal judge agreed with the FTC on the grounds that Advocate and NorthShore together would be able to impose price increases on Illinois insurers, according to The Chicago Tribune
Both NorthShore and Northwest do not anticipate the FTC will have significant concerns about their deal, and expect the transaction to close later this year, pending regulatory review and approval.
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"Joining with an established system, whose model is unique yet mission and culture mirror ours, will allow NCH to strengthen its core programs, drive improved access and expand specialized care for our patients and community," said Scogna. "This is a merger of two great organizations that will preserve the NCH facilities, physician partnerships and most importantly, our longstanding commitment to the community."Back to HCB News