Two Partners in Nixed Ky. Hospital Deal Unveil New Merger Plan
January 9, 2012 | Read Time: 1 minute
Following the Kentucky governor’s rejection of a three-way health-care merger involving the University of Louisville Hospital, the other two nonprofit partners announced plans to form a new network on their own, The Wall Street Journal reports.
Jewish Hospital & St. Mary’s HealthCare, of Louisville, and Lexington-based Saint Joseph Health System will unite to create KentuckyOne Health, a hospital and health-care system that would be the state’s largest in terms of revenue.
Colorado-based Catholic Health Initiatives, the parent of Saint Joseph, will hold more than 70 percent of KentuckyOne. The prospect of a religious organization controlling the state-owned University of Louisville medical center was one of the factors cited by Gov. Steve Beshear in shooting down the original deal earlier this month.
