Organizations strengthen commitment to community-connected healthcare with community investment fund contributions totaling $200 million
NorthShore University HealthSystem (NorthShore) and Edward-Elmhurst Health today announced their intention to merge the two healthcare systems under a new parent system, pending regulatory approval. Together, the organizations will extend their focus on community-connected, expert care while serving as a best place to work, learn, practice and receive care.
“NorthShore and Edward-Elmhurst Health share a vision of delivering expanded access to a transformative, differentiated patient care experience,” remarked J.P. Gallagher, President and CEO of NorthShore. “By working together, we will connect patients and communities to personalized care, advanced clinical solutions and innovative technologies through improved access, expertise and services.”
Building upon a long legacy of connection to their communities, the organizations have also announced the creation of two community investment funds, with each organization committing $100 million to their respective communities. These funds will each generate millions of dollars in annual interest that will be used to make a direct impact. The funds will be used to support partnerships with organizations working to enhance community health equity and well-being and advance local economic growth.
“NorthShore’s approach is aligned with Edward-Elmhurst in so many ways,” explained Mary Lou Mastro, President and CEO of Edward-Elmhurst Health. “We share values and a vision for the future that gives us a strong foundation to create a needed regional alternative offering vibrant, community-connected healthcare. We look forward to working with our staff and clinical partners in transforming the future of healthcare through their expertise, compassion and commitment.”
When complete, the combined organization will include 25,000 team members, serve an area with over 4.2 million residents and bring together the collaborative expertise of more than 6,000 best-in-class physicians through an expansive geographic network of nine hospitals and more than 300 ambulatory facilities throughout the region.
Together, the two organizations are poised for growth in several highly ranked services such as orthopedics, cardiology, obstetrics and behavioral health. They intend to maintain existing physician and medical groups, ensuring physicians remain the key clinical decision-makers and are supported by leading edge equipment, research and innovation opportunities and Magnet-level nursing care. With a broader clinical network, care will be available when and where patients need it, seamlessly connected throughout the system.
NorthShore and Edward-Elmhurst Health expect to close the transaction later this year, pending regulatory review and approval. The new organization, comprised of two regions – NorthShore and Edward-Elmhurst – will be led by J.P. Gallagher as President and CEO and governed by a single board of directors with representation from NorthShore, Edward-Elmhurst, Swedish Hospital and Northwest Community Hospital board members. Mary Lou Mastro will join the executive team of the new organization, maintaining leadership as CEO of the Edward-Elmhurst region.