The University of Chicago Medicine and AdventHealth have signed a definitive agreement to enter into a partnership that will increase access to a range of services, treatment options and advanced clinical trials for residents of Chicago’s western suburbs.
Under the proposed affiliation, UChicago Medicine will acquire a controlling interest in the Great Lakes region of AdventHealth — which includes the four Illinois hospitals in Bolingbrook, Glendale Heights, Hinsdale and La Grange — with AdventHealth retaining the remaining ownership and continuing to operate the day-to-day operations of the facilities. UChicago Medicine and AdventHealth will maintain their existing system-wide administrative and management structures.
The deal will enable consumers to seamlessly access primary, specialty and subspecialty medical care across both organizations.
“Joining UChicago Medicine will allow us to advance 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 Terry Shaw, President and CEO of AdventHealth.
Affiliate plans come on the heels of UChicago Medicine’s announcement in February 2022 to build a US$633 million comprehensive cancer control facility. groundbreaking in August for a 130,000-square-foot (about 12,100 sq m) mobile multidisciplinary center in Crown Point, Indiana; and the summer launch of the South Side Healthy Community Organization, a collaboration between UCM and 12 other health care organizations dedicated to improving access to quality care and scale to serve more than 400,000 area residents.
Kenneth Polonsky, Dean and Executive Vice President for Medical Affairs at the University of Chicago. “Following regulatory approval of this affiliation, we look forward to working with the leadership, clinicians, and staff of AdventHealth Great Lakes.”
Based on 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 practices throughout Chicagoland as well as in suburban and northwestern Indiana. The health system provides a full range of specialized care services for adults and children through more than 40 institutes and centers, including the National Cancer Institute-designated Comprehensive Cancer Center.
AdventHealth is a large and successful health system headquartered in Florida that operates 51 hospitals in nine states with more than 80,000 team members, 2,400 working physicians, and nearly 18,000 medical staff providers across the organization. The Great Lakes region of AdventHealth includes AdventHealth Bolingbrook, AdventHealth GlenOaks, AdventHealth La Grange and AdventHealth Hinsdale, which have served the community for more than 100 years, as well as nearly 50 primary and specialty practice sites and two mobile multidisciplinary centers. Carol Stream and Woodridge Ambulatory Centers provide providers of primary and specialty care, diagnostic imaging, and laboratory services.
“Partnering with a leading local academic medical institution will allow us to combine the best in community care with academic capabilities to expand subspecialty care and develop high-quality multidisciplinary services,” said Thor Thordarson, President/CEO of AdventHealth Great Lakes District, said. “This affiliation will result in an expanded and diversified physician network, with more than 3,500 providers, to provide more integrated, coordinated and holistic care to patients.”
The proposed transaction requires regulatory approvals. The parties are working to set an official closing date at the end of 2022 or early 2023.
“We are excited to be in a position to provide improved services to patients living in the western suburbs by bringing UChicago Medicine’s clinical innovations and highly specialized care to Great Lakes Region hospitals while maintaining AdventHealth’s historic commitment to convenient access to high quality,” said Tom Jakiewicz, President of the University of Chicago Medical Center and chief of operations for UChicago Medicine, “Community Care.”