RALEIGH — State Treasurer Dale Folwell expressed concern about the proposed merger between Charlotte-based Atrium Health and midwest-based Advocate Aurora Health that was announced last week.
“The proposed merger of Atrium Health and Advocate Aurora Health into a six-state medical behemoth pocketing $27 billion in annual revenue raises many red flags. Chief among those is the monopolistic nature of the alliance, which would be the sixth largest health system in the country,” said Folwell.
He also cited that the state is home to one of the country’s top five metropolitan markets with the highest level of health care concentration and said research “consistently shows mergers and acquisitions do not deliver on hospital executives’ promises, but instead trigger higher costs, reduced access and the same or lower level of care.”
