U of L told the Courier Journal the document is a draft, and the deal still needs to be approved by the board.
U of L withdrew from negotiations with hospital owner KentuckyOne earlier this year because it was unable to buy the assets alone and it couldn’t find a partner. The bundle included Jewish Hospital, Sts. Mary and Elizabeth Hospital, Our Lady of Peace, and Jewish Hospital Shelbyville. It was a tough sell because Jewish Hospital and St. Mary’s Healthcare posted $29 million in losses in the last six months of 2018, and Jewish Hospital would require millions of dollars of upgrades. A previous Courier Journal report pegged estimated repairs at around $300 million to $500 million.
The potential transaction would combine Jewish Hospital and U of L into one enterprise and integrate their physician groups, according to the Courier Journal.
Read the full story here.
More articles on transactions and valuation:
Kootenai Health to acquire 2 hospitals
Shuttered Tennessee hospital sells for $200K
Kentucky health system acquires 13th hospital
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
