Bolingbrook – On May 14, the Illinois Health Facilities and Services Review Board voted in favor of allowing Elgin-based Sherman Health Systems to join with Advocate Health Care, the largest health care system in Illinois.
The official closing is anticipated for June 1, 2013, at which time Sherman will become Advocate Sherman Hospital. Sherman’s six other sites of care throughout the Fox Valley will also take on the Advocate name. Full integration of the two systems is anticipated to occur over a period of about two years.
“The coming together of one of the nation’s top community hospitals and one of the nation’s leading health systems is a big win for our community,” said Rick Jakle, chairman of the Sherman Health Board of Directors. “Sherman’s 125 year history of providing quality care and service to our community will only be enhanced by Advocate’s nationally-recognized name and best practices.”
Leaders at Sherman and Advocate believe that their partnership will:
- Support the continued improvement of patient health outcomes, quality and safety in the state of Illinois.
- Allow for more reinvestment of dollars toward health care, by reducing operating and capital costs.
- Promote the transformation of care delivery from a volume to a value-based model.
During its search for a health care partner, Sherman considered expressions of interest from more than a dozen potential partners. It selected Advocate as its potential partner in October, 2012. Since then the two systems have undergone extensive due diligence and integration planning.
“From the inception of our partnership discussions, our respect for the Sherman team and their accomplishments and capabilities has only increased,” said Jim Skogsbergh, President and Chief Executive Officer of Advocate Health Care. “We share numerous core values; including a commitment to health outcomes and patient safety and a commitment to the communities we are privileged to serve.”
As part of the partnership, Advocate will not assume liability for or otherwise guarantee Sherman’s outstanding debt.
Advocate Health System is the largest health system in Illinois with 10 acute care hospitals, the state’s largest integrated children’s network, five Level I trauma centers, two Level II trauma centers, the state’s largest home health care company and more than affiliated 6,000 physicians. Sherman will add seven sites of care, including a skilled nursing and inpatient rehabilitation facility, approximately 2,200 associates and 600 physicians to the Advocate system.
About Sherman Health - Named the fifth most beautiful hospital in the U.S. by Soliant Health, the 255-bed Sherman Hospital features all private patient rooms, a 15-acre geothermal lake to heat and cool the facility, an advanced Emergency Department with a level II trauma center, a spacious Family Birthing Center and Special Care Nursery, a Heart & Vascular Center, a Cancer Center and a bright and open design to contribute to the healing process. Sherman Health has obtained certification as a Primary Stroke Center, Breast Center and Chest Pain Center, and also received a 2011 Silver Award from Illinois Performance Excellence (ILPEX). In 2012 it achieved Magnet® nursing status – the highest national standard for nursing excellence. Sherman Health provides services across the whole continuum of care, operating three immediate care centers in Elgin, South Elgin and Algonquin; Sherman West Court, a skilled nursing and rehabilitation facility; and home health services. The system employs more than 2,200 individuals and has more than 600 dedicated physicians on its medical staff. For more information, visit ShermanHealth.com.
About Advocate Health Care - Advocate Health Care, named among the nation’s top 15 health systems, is the largest health system in Illinois and one of the largest health care providers in the Midwest. Advocate operates more than 250 sites of care, including 10 acute care hospitals, the state’s largest integrated children’s network, five Level I trauma centers (the state’s highest designation in trauma care), two Level II trauma centers, one of the area’s largest home health care companies and one of the region’s largest medical groups. Advocate Health Care trains more primary care physicians and residents at its four teaching hospitals than any other health system in the state. As a not-for-profit, mission-based health system affiliated with the Evangelical Lutheran Church in America and the United Church of Christ, Advocate contributed $571 million in charitable care and services to communities across Chicagoland and Central Illinois in 2011.