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U of Louisville won't buy Jewish Hospital from CHI

The University of Louisville announced June 12 that it ended talks with Catholic Health Initiatives about acquiring Louisville-based KentuckyOne Health's local assets, including Jewish Hospital, according to the Louisville Courier Journal.

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
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