CHICAGO (CBS) — Two of the state’s largest health care systems have announced plans to merge.
CBS 2’s Susanna Song reports Advocate Health Care and NorthShore University HealthSystem plan to join forces to create Advocate NorthShore Health Partners, which would be the largest non-profit hospital system in Illinois.READ MORE: 3 People Injured In Near North Shooting
The merger would create a network of 16 hospitals, 6,000 physicians, 45,000 employees, and more than 350 care sites; serving approximately 3 million patients a year in northern and central Illinois. The combined network would have a value of nearly $7 billion.
Officials for the two networks said the merger is expected to be completed early next year.
The deal requires the approval of the Federal Trade Commission, the Illinois Health Facilities and Services Review Board, and the United Church of Christ – which is affiliated with Advocate.