Edward, Elmhurst Memorial finalize merger, announce leaders
(Naperville and Elmhurst, Ill. – July 1, 2013) – Edward Hospital & Health Services and Elmhurst Memorial Healthcare announced that they have finalized their merger effective today. Leadership appointments were also announced.
The merger creates one of the larger integrated health systems in the state comprised of three hospitals – Edward, Elmhurst Memorial and Linden Oaks at Edward – with revenues of about $1 billion and more than 50 outpatient locations across a service area of 1.7 million residents. The system employs nearly 7,700 and has more than 1,680 physicians on staff. System naming/branding will be determined and communicated in the coming months.
“This is an historic day for residents of our communities because it brings together and strengthens important community-focused institutions with long histories of serving the western and southwestern suburbs,” said Pam Davis, CEO of the new system. “While Elmhurst Memorial and Edward are already nationally recognized for quality and patient satisfaction, our collaboration will lead to even higher quality, and improved services and efficiencies for our patients as we meet the challenges of healthcare reform.”
Emphasis on quality, efficiency, access to care
Three key system priorities will improve healthcare in our communities:
Quality. While already nationally recognized for quality achievements, the merger will improve quality and coordination of care throughout the region as our physicians, nurses and other clinical staff share best practices and clinical protocols, and closely measure and report results.
Efficiency. The system will focus on becoming more efficient through process improvement and economies of scale in order to deliver more convenience for patients, stem the tide of rising healthcare costs and stay viable even as reimbursement to hospitals and physicians is reduced.
Access to care. The system provides patients access to a larger, stronger network of independent and affiliated physicians and services.
The merger will build upon the success of Illinois Health Partners – a partnership with DuPage Medical Group and many independent physicians – to jointly manage the care of more than 100,000 HMO patients in the region. DuPage Medical Group has more than 400 physicians, including a strong presence in the communities also served by Elmhurst Memorial and Edward.
System leaders named
In May, Mary Lou (“Lou”) Mastro was named President & CEO of Elmhurst Memorial Healthcare effective July 1. Gina Sharp was promoted to President of Linden Oaks at Edward, replacing Mastro. CEO Davis also announced two additional key members of the new system’s leadership team, including:
Chris Mollet, System Executive Vice President and General Counsel
Vince Pryor, System Executive Vice President and Chief Financial Officer
Board of Trustees named
The system’s 13-member Board of Trustees has been named:
Ron Schubel, Chair, of Naperville – retired, Molex Incorporated
David Atchison, Vice Chair, of Oak Brook – President and CEO, Ponder & Co.
Joseph Beatty, Trustee, of Evanston – former President and CEO, Telular Corporation
David Brueggen, Trustee, of Elmhurst – retired, Anson Industries
Pam Davis, Trustee, of Naperville – System CEO
Joe DePaulo, Trustee, of Naperville – President, Clow Airport
Brian Hagan, Trustee, of Elmhurst – Executive Vice President, First American Bank, Elk Grove Village
Thomas Kloet, Trustee, of Elmhurst and Toronto – CEO, TMX Group
Mary Kay Ladone, Trustee, of Lisle – Vice President, Investor Relations, Baxter International
Rocco Martino, Trustee, of Burr Ridge – Partner, LaSalle Capital Group
Ronald Nyberg, Trustee, of Naperville – Partner, Nyberg & Cassioppi
Robert Platt, Trustee, of Elmhurst – CEO, Mostardi Platt
Timothy Rivelli, Trustee, of Hinsdale – Partner, Winston & Strawn
The system’s three hospitals, 50 locations, 7,700 employees and 1,700 staff physicians provide comprehensive healthcare to 1.7 million residents in the west and southwest suburbs of Chicago. Elmhurst Memorial Hospital, founded in 1926, opened a new, 866,000-square-foot, state-of-the-art acute care hospital in 2011, with 259 private patient rooms, a modern emergency department and technologically advanced surgical suites. Elmhurst Memorial is one of 20 acute care hospitals worldwide designated as a Planetree patient-centered healthcare organization. For more information, visit www.emhc.org. Edward Hospital in Naperville, established in 1907, has 309 private patient rooms and offers access to complex medical specialties and innovative programming, including advanced cardiac care at Edward Heart Hospital, the most up-to-date cancer diagnosis and treatment at Edward Cancer Center and world class stroke care through the Edward Neurosciences Institute in affiliation with the Northwestern Medical Faculty Foundation. Edward has been designated as a Magnet hospital for nursing excellence, and is one of only three hospitals in DuPage County and the only one serving Will County to have earned the prestigious recognition. For more information, visit www.edward.org. Linden Oaks at Edward is a 108-bed behavioral health hospital on Edward’s Naperville campus with outpatient locations in Naperville, Plainfield, St. Charles, Woodridge and Yorkville. For more information, visit www.edward.org/lindenoaks.
Frequently Asked Questions
Q. Will the new system have a new name? A. Right now each entity within Edward and Elmhurst Memorial will do business under its existing name. However, we plan to have more information on branding closer to 2014.
Q. Will both Edward and Elmhurst Memorial accept the same insurance plans? A. Edward and Elmhurst Memorial each accept nearly every major insurance plan. Now that the merger has been finalized, our goal is to eventually accept the same insurance plans, but that may take some time to finalize the details. Please check with your insurance company prior to receiving medical services.
Q. How does this merger benefit patients from both Edward and Elmhurst Memorial? A. While Edward and Elmhurst Memorial are already nationally recognized for quality and patient satisfaction, our collaboration will lead to even higher quality through collaboration, more physician specialists, and access to even more services.
If you have any additional questions, please contact us.