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New York hedge fund in talks to purchase KentuckyOne hospital

BlueMountain Capital Management, a New York-based hedge fund, is reportedly the prime candidate to purchase Louisville, Ky.-based Jewish Hospital, a Louisville-based KentuckyOne Health facility, according to Insider Louisville.

Two sources, who sought to remain anonymous, confirmed to Insider Louisville BlueMountain is the primary candidate to purchase the 462-bed hospital.

A spokesperson for KentuckyOne Health told the publication via email Wednesday the health system and its parent company, Englewood, Colo.-based Catholic Health Initiatives, have "recently conducted meetings and in-depth discussions with several organizations who are interested in owning and operating the divesting operations."

"During these meetings, each organization provided their plans and vision for these facilities and providers," the spokesperson continued. "Since our top priority is to ensure a strong future for all of the facilities in order to best serve their communities, we are pleased with the level of interest and proposed strategy provided by the interested organizations."

CHI previously announced plans in May to divest several KentuckyOne Health facilities. However, the health system said in a recent quarterly report the sale of those facilities will continue through June 2018.

More articles on transactions and valuations:
New York hospital partners with St. Joseph's Health, U of Rochester Medical Center
Carolinas HealthCare, UNC Health Care merger discussions to stretch into 2018
Nebraska Medicine, RCCH considering partnership opportunity with Fremont Health

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