Sunday, February 19, 2012

Mercy system to buy Jewish Hospital - St. Louis Business Journal:

shelly-polymer.blogspot.com
The two entities will begin exclusive negotiationzs to come to a definitivdpurchase agreement, according to a news release. The processs is expected to take four tosix months, and is also subjecr to various regulatory approvals. Mercyu Health Partners partners operatesfive hospitals, in Fairfield, Westernh Hills, Mount Airy, Andersob Township and Clermont County, along with outpatienr and other health care-related The purchase of Jewish, located in Kenwood, will give the systenm a presence in the northeastern Cincinnati suburbs.
"We are alwayz working to provide high-quality One of the missing ingredientws in covering the Greater Cincinnati area wasthe I-71 corridor," said Jamews May, CEO of Mercy Health Partners, in the release. Jewish Hospital will also join CatholicHealthcare Partners, the Cincinnati-basexd parent of the Mercy Mercy recently won approval from Green Township trustees to build a new hospitalp near North Bend Road and Interstate 74. When completed, the hospita will replace its Mount Airy and Western Hills The , of which Jewishn is a voting membe r along with University and Fort Hamilton hospitals, had been considerinb acquiring the hospital as well.
A purchase would have made it a propert y in thehospital group, like and the . But in the said it would also consider other while continuing discussions with theHealth

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