On May 14, the Illinois Health Facilities and Services Review Board voted unanimously to allow Elgin, Ill.-based Sherman Health Systems to join with Advocate Health Care, according to a news release.
Upon official closing June 1, Sherman became Advocate Sherman Hospital. Shermans other sites of care throughout the Fox Valley also took on the Advocate name. Full integration of the two systems is anticipated to occur during the next two years.
According to the release, leaders at Sherman and Advocate believe their partnership will support the continued improvement of patient health outcomes, quality and safety in Illinois; allow for more reinvestment of dollars toward healthcare by reducing operating and capital costs; and promote the transformation of care delivery from a volume to a value-based model.
Sherman considered expressions of interest from more than a dozen potential partners, according to the release. 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,” Jim Skogsbergh, president and CEO of Advocate Health Care, said in the release. “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.”