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Advocate Aurora Health
Advocate Aurora Health formed in 2018 through the merger of two regional hospital systems. Jim Skogsbergh and Nick Turkal served as co-CEOs during its...
Advocate Aurora Health
Advocate Aurora Health formed in 2018 through the merger of two regional hospital systems. Jim Skogsbergh and Nick Turkal served as co-CEOs during its independent period. The system deployed capital across hospital real estate, alternative investments, and venture holdings. Confirmed positions included Foodsmart, Xealth, and a 25% stake in Wisconn Valley Venture Fund. Operations stayed concentrated in Illinois and Wisconsin with additional exposure through the later Atrium combination. The organization maintained 75,000 employees and dual headquarters in Milwaukee and Downers Grove. It operated separate philanthropic vehicles including Advocate Charitable Foundation and Aurora Health Care Foundation. December 2022 marked the merger that ended its standalone status. Governance rested with a board that oversaw both clinical operations and the investment program through Advocate Aurora Enterprises.
General information
Firm type
Endowment / Foundation
Year founded
2018
Location
Region
North America
Country
United States
City
Downers Grove
Corporate office
750 W Virginia St, Milwaukee, WI, United States
Principals
Jim Skogsbergh
Former Co-CEO
Nick Turkal
Former Co-CEO
Sector focus
Frequently asked questions
Who ran investment decisions at Advocate Aurora Health?
Scott Powder led Advocate Aurora Enterprises, the investment arm. The board finance committee provided oversight on allocations.
Does Advocate Aurora Health participate in fund commitments or only direct deals?
The system made both fund commitments and direct investments. It held a 25% limited partner stake in Wisconn Valley Venture Fund alongside startup holdings through Advocate Aurora Enterprises.
Where does the underlying capital come from?
Capital originated from operating surpluses of the hospital network and investment returns on the $14B portfolio.
How is Advocate Aurora Health related to Advocate Health?
Advocate Aurora Health merged with Atrium Health in December 2022 to create the combined Advocate Health system.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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