U of Louisville has $379M backup plan if it can't buy Jewish Hospital

The University of Louisville (Ky.) has a backup plan if its plan to buy Jewish Hospital and KentuckyOne Health's other Louisville assets falls apart, according to Louisville Business First.

The university in June put together renderings, floor plans and a construction timeline for a $379 million expansion of the hospital. The expansion included renovating some hospital units and adding two patient towers and a 300-space parking garage.

That plan is now on hold and is the university's plan B if it is unable to buy Jewish Hospital, according to the report.

"Plans to expand U of L Hospital have always been part of contingency planning and were never set in motion," Jill Scoggins, interim director of communications for the university's Health Science Center, told Louisville Business First. "We do not announce any plan unless a final decision on its pursuit has been made."

The university is working with KentuckyOne to finalize a deal to buy the struggling Jewish Hospital and its other Louisville assets, which include three more hospitals and four outpatient centers. 

The deal was announced in July and approved in August by the university's board. It includes $100 million in promised loans from Kentucky and grants from two local foundations to help the university pay for the purchase.

The deal is slated to close Nov. 1. 

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