The proposed loan, included in a bill, passed a key state House committee with bipartisan support.
University of Louisville originally asked for $50 million to help finance the Louisville-based Jewish Hospital. However, the university’s president, Neeli Bendapudi, lowered the request to $35 million earlier in January.
The university purchased Louisville-based KentuckyOne Health, which includes Jewish Hospital, from Chicago-based CommonSpirit Health last November. The transaction was considered risky because many of the facilities, including Jewish Hospital, need significant upgrades and operational improvements.
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