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KentuckyOne to close sale on Jewish Hospital, assets 'within 1 month or less'

Private equity firm BlueMountain Capital Management will reportedly decide "within a month or less" whether it will assume control of several of Louisville-based KentuckyOne Health's assets, WDRB.com reports.

Greg Postel, MD, confirmed the news to WDRB.com April 19. Dr. Postel was recently appointed executive vice president for health affairs at the University of Louisville, the Courier Journal reports.

The private equity firm has been in exclusive negotiations with KentuckyOne and its parent company, Englewood, Colo.-based Catholic Health Initiatives, to purchase several of KentuckyOne's assets, including Louisville-based Jewish Hospital, since last December.

"Discussions with BlueMountain Capital Management continue to progress in a positive manner," a KentuckyOne Health spokesperson told WDRB.com. "Our goal remains to reach an agreement by this summer."

More articles on transactions and valuations:
Sanford Health, Mid Dakota Clinic will reportedly abandon merger plans if appeal fails
CHS to sell 421-bed Florida hospital
Report: Global healthcare M&A surged to $332B in 2017

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