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St. Joseph Health System announces merger with Jewish Hospital & St. Mary's HealthCare
Rebuffed in its bid to take over Louisville's University Hospital, Catholic Health Initatives announced today that its St. Joseph Health System had merged with Jewish Hospital & St. Mary?s HealthCare, effective retroactively to Jan. 1. Gov. Steve Beshear rejected the original merger plan because of University Hospital's public status and the proposed control of CHI, which follows Catholic health directives.
The new organization is called KentuckyOne Health and is headed by Ruth W. Brinkley, as president and chief executive officer. She is a former executive at CHI and Ascension Health. The organization "includes hospitals, clinics, specialty institutes, home health agencies, satellite primary care centers, and physician groups with more than 80 locations, 2,500 staff physicians and more than 13,000 employees across the state of Kentucky and southern Indiana," CHI said in a press release. It said it will invest $320 million into the merger.
"As part of KentuckyOne Health, historically Jewish facilities will remain Jewish," the release said. "Historically Catholic facilities will remain Catholic." Dr. Gerald Temes, chair of Jewish Hospital HealthCare Services, said in the release, ?We have had a mutually beneficial relationship with Catholic Health Initiatives for the last six years. We?re confident this is the right direction for the Jewish Hospital organization.? (Read more)
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University Of Louisville Delays Choosing Hospital Partner
To allow time for more "discussions and negotiations," the University of Louisville has put off deciding on University Hospital's new health-care partner until the end of June. It is not known how many entities are interested in partnering with the...
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Beshear Says No To Hospital Merger
Gov. Steve Beshear has said no to the much-discussed merger between three major Kentucky health systems, which, because it required his blessing, puts an end to the proposal. "After exhaustive discussions and research, I have determined that this proposed...
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Critics, Proponents Debate Louisville Hospital Merger
Questions regarding ectopic pregnancy, end-of-life care and funding for indigent care were addressed Wednesday by proponents and critics of a proposed merger between University Hospital, Jewish Hospital & St. Mary's HealthCare and St. Joseph Health...
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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...
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The Urge To Merge Hospitals Is Driven By Health Care Reform
Mergers that are creating large hospital groups in Kentucky are part of a national trend being driven in part by last year's health-care reform law. There are three key reasons for this, according to Barton Walker, a North Carolina attorney with McGuireWoods,...
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