The proposed three-hospital system merger in Kentucky would leave the parent company of one participant with $83 million more in funds, according to a Courier-Journal report.
Jewish Hospital HealthCare is the parent company of Jewish Hospital & St. Mary’s HealthCare, which is located in Louisville and is one of the hospital systems involved in the merger. The other two systems are Lexington-based St. Joseph Health System and Louisville-based University Hospital.
The $83 million is the estimated fair market value of Jewish & St. Mary’s assets. JHHC has said it plans to use the funds for medical initiatives, research and support for the local Jewish community.
A recent financial report by Denver-based Catholic Health Initiatives disclosed that the merger may be finalized as early as Dec. 31, according to the report. CHI would be the majority partner in the new statewide system.
Related Articles on the Kentucky Hospital Merger:
University Hospital Files Suit Challenging Kentucky’s Open Records Law
Employees May Lose Certain Benefits in Kentucky Hospital Merger
Kentucky AG Rules University Hospital is Public; Could Affect Merger
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