The university called off the discussions because it was unable to secure a partner to help with the purchase.
“We regret ending our talks with CHI, but we must do what is fiscally responsible for the University of Louisville,” U of L President Neeli Bendapudi said in a news release. “Without a viable partner, we do not have the resources necessary to make the acquisition a reality.”
KentuckyOne plans to continue talks with other organizations about the purchase of its assets in Louisville.
“KentuckyOne Health is disappointed that the university was not able to secure a financial partner,” Deborah Lee-Eddie, interim market CEO for KentuckyOne Health, said in a statement to the Louisville Courier Journal. “We will now continue our discussions with other interested organizations.”
More articles on healthcare industry transactions:
Quorum to divest California hospital
Hospital M&A update: 13 latest deals
Penn Highlands Healthcare adds 5th hospital
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