Health News
- University Hospital Merger Documents Being Released
The University of Louisville will hand over records pertaining to the merger involving University Hospital, under a settlement signed Tuesday. The documents will include "the June 14 agreement to consolidate the three health-care systems into one ? though...
- Merger Would Give Jewish And St. Mary's $83 Million For Their Assets, Which Would Have To Be Used For Charitable Causes
If the much-debated merger between Saint Joseph Health System, University Hospital and Jewish Hospital & St. Mary's HealthCare overcomes legal obstacles, it could result in a $83 million payment for Jewish and St. Mary's assets that would...
- Louisville Hospital Merger Would Be Just One Of Dozens Across The Country, Driven By Economic And Regulatory Concerns
Hospitals are banding together to create organizations better able to withstand the changing tides of the economy and health-care policy. The proposed merger of Louisville's Jewish Hospital & St. Mary's HealthCare, Lexington-based Saint Joseph...
- University Hospital Is Public, Not Private, So State Has Say On Merger, Conway Says
Louisville's University Hospital is a public institution, not a private one, which means the state gets a say about the proposed merger between the hospital, Jewish Hospital & St. Mary's HealthCare and Lexington-based St. Joseph Health System,...
- Hospitals Merging To Shore Up Finances And, As Federal Health-reform Law Encourages, Improve Patient Outcomes
With one expert calling it "merger mania," Robert Hadley of The Lane Report looks at how Kentucky hospitals and hospital systems are banding together as they brace for reimbursement changes mandated in the new health care law. The most discussed merger...
Health News
Baptist-Trover hospital merger another example of trend
Though the proposed merger of Saint Joseph Health System, University Hospital and Jewish Hospital & St. Mary's HealthCare has grabbed recent headlines, another merger is under way, with Baptist Healthcare System hoping to expand its reach to Western Kentucky with the acquisition of Trover Health System in Madisonville.
"There's a lot of territory . . . and certainly Trover fits a geographic hole that Baptist has in the western part of the state," said Andy Sears, vice president of planning and development for the Louisville-based Baptist system.
Trover is made up of a 390-bed regional medical center and several clinics, resulting in the company having seven locations in six counties, reports Patrick Howington for The Courier-Journal.
"With reimbursements from government health plans set to tighten under health-care reforms, experts say stand-alone hospitals will have more difficulty keeping up than larger systems, which can spread costs and have more purchasing power," Howington reports.
During the first nine months of 2011, there were 71 deals involving 132 hospitals and totaling $6.9 billion, according to Sanford Steever, editor of Health Care M&A Report. (Read more)
To read more about hospitals merging nationwide, click here.
- University Hospital Merger Documents Being Released
The University of Louisville will hand over records pertaining to the merger involving University Hospital, under a settlement signed Tuesday. The documents will include "the June 14 agreement to consolidate the three health-care systems into one ? though...
- Merger Would Give Jewish And St. Mary's $83 Million For Their Assets, Which Would Have To Be Used For Charitable Causes
If the much-debated merger between Saint Joseph Health System, University Hospital and Jewish Hospital & St. Mary's HealthCare overcomes legal obstacles, it could result in a $83 million payment for Jewish and St. Mary's assets that would...
- Louisville Hospital Merger Would Be Just One Of Dozens Across The Country, Driven By Economic And Regulatory Concerns
Hospitals are banding together to create organizations better able to withstand the changing tides of the economy and health-care policy. The proposed merger of Louisville's Jewish Hospital & St. Mary's HealthCare, Lexington-based Saint Joseph...
- University Hospital Is Public, Not Private, So State Has Say On Merger, Conway Says
Louisville's University Hospital is a public institution, not a private one, which means the state gets a say about the proposed merger between the hospital, Jewish Hospital & St. Mary's HealthCare and Lexington-based St. Joseph Health System,...
- Hospitals Merging To Shore Up Finances And, As Federal Health-reform Law Encourages, Improve Patient Outcomes
With one expert calling it "merger mania," Robert Hadley of The Lane Report looks at how Kentucky hospitals and hospital systems are banding together as they brace for reimbursement changes mandated in the new health care law. The most discussed merger...