KentuckyOne parent pays Jewish foundation $150M to end relationship

Denver-based Catholic Health Initiatives, the parent company of Louisville-based KentuckyOne Health, paid a Jewish foundation $150 million to conclude the foundation’s sponsorship of KentuckyOne, according to a Courier-Journal report.

Advertisement

Louisville-based Jewish Heritage Fund for Excellence sponsored KentuckyOne for five years with CHI. CHI will continue on as KentuckyOne’s sole sponsor.

David Kaplan, chair of the foundation’s board of trustees, told Courier-Journal, “With the recent changes in KentuckyOne Health’s business plan, both organizations agreed it would be best to conclude our relationship and pursue our missions independently.”

In May, KentuckyOne declared it is seeking new owners and operators for more than 10 entities. 

More articles on healthcare finance:
HCS signs 8 healthcare clients
Atlantic Health System agrees to settle property tax appeals
This week’s 5 must-reads for hospital CFOs

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.