Saturday, June 16, 2012

Mercy system to buy Jewish Hospital - Kansas City Business Journal:

polinaagyvtiwu.blogspot.com
The two entities will begin exclusive negotiations to come to a definitivdepurchase agreement, according to a news release. The process is expected to take four to six and is also subject to varioueregulatory approvals. Mercy Health Partners partners operatessfive hospitals, in Fairfield, Westermn Hills, Mount Airy, Andersomn Township and Clermont County, along with outpatient and othe health care-related facilities. The purchase of Jewish, locatedd in Kenwood, will give the systemj a presence in the northeasternCincinnati suburbs.
"Wr are always working to provide high-quality One of the missing ingredients in coverinyg the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercty Health Partners, in the release. Jewish Hospital will also join CatholicfHealthcare Partners, the Cincinnati-basecd parent of the Mercy system. Merc recently won approval from Green Townshi trustees to build a new hospital near North Bend Road andInterstatd 74. When completed, the hospital will replace its Mounyt Airy and WesternHills facilities. The , of which Jewish is a voting member along with University and Fort Hamilton had been considering acquiring the hospitalas well.
A purchass would have made it a property in the hospital like andthe . But in February, the said it woulxd also considerother partners, while continuing discussiond with the Health Alliance.

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