# Advocate Aurora Health

Advocate Aurora Health is an Endowment / Foundation based in Downers Grove, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Downers Grove, United States
- **Region:** North America
- **Address:** 750 W Virginia St, Milwaukee, WI, United States
- **Founded:** 2018
- **Assets under management:** 14000 (Altss estimate)
- **Website:** advocateaurorahealth.org
- **LinkedIn:** https://www.linkedin.com/company/advocate-aurora-health

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare

## People

- Jim Skogsbergh — Former Co-CEO
- Nick Turkal — Former Co-CEO

## 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.

## Related profiles

- [E.ON Strategic Co-Investments](https://altss.com/profile/e-on-strategic-co-investments)
- [Banque SYZ](https://altss.com/profile/banque-syz)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/advocate-aurora-health

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