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KentuckyOne Health sells 25-bed critical access hospital

Louisville, Ky.-based KentuckyOne Health has entered into a definitive agreement to sell Saint Joseph Martin (Ky.) and its four clinics to Lexington, Ky.-based Appalachian Regional Healthcare.

Once the deal closes, 25-bed Saint Joseph Martin will be Appalachian Regional Healthcare's 12th hospital.

"As the region's largest integrated health system, it has been ARH's longstanding mission to provide all residents of eastern Kentucky and southern West Virginia with local access to the medical services they need, whether that be primary care, home health, or more specialized services such as cancer care and open-heart surgery," said Appalachian Regional Healthcare President and CEO Joe Grossman. "Bringing Saint Joseph Martin into the ARH system will allow ARH to offer these very important healthcare services to even more residents throughout eastern Kentucky."

The parties expect the transaction to close by June 30.

More articles on healthcare industry transactions:

HCA-affiliated St. David's HealthCare acquires 9 Texas clinics
Quorum Health sells 77-bed Georgia hospital to Piedmont
HCA looks to expand into North Carolina with acquisition of Mission Health


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