University of Louisville (Ky.) trustees have expressed apprehension about private equity firm BlueMountain Capital Management potentially assuming control of several Louisville-based KentuckyOne Health facilities, WDRB.com reports.
Englewood, Colo.-based Catholic Health Initiatives, which owns KentuckyOne Health, announced plans to divest several KentuckyOne facilities in May 2017. In December, several sources told Insider Louisville KentuckyOne had entered into discussions to sell Louisville-based Jewish Hospital and other assets to BlueMountain Capital.
One University of Louisville trustee said during a board meeting Jan. 18 university leaders should be aware of the fact BlueMountain Capital may purchase select KentuckyOne facilities and turn around and sell them within a few years, the report states.
However, interim University of Louisville President Greg Postel, MD, said university and state leaders will have input in the deal because the state owns the land on which Jewish Hospital sits, according to the report.
BlueMountain Capital and KentuckyOne Health did not respond to WDRB.com's requests for comment Jan. 18.