Sunday, March 27, 2011

Mercy system to buy Jewish Hospital - Los Angeles Business from bizjournals:

deeshu-tatum.blogspot.com
The two entities will begin exclusive negotiations to come to a definitivedpurchase agreement, according to a news The process is expected to take four to six and is also subject to various regulatory approvals. Mercy Health Partners partners operates five in Fairfield, Western Hills, Mountr Airy, Anderson Township and Clermont along with outpatient and other health care-related facilities. The purchasew of Jewish, located in Kenwood, will give the syste m a presence in the northeasternnCincinnati suburbs. "We are always workinb to provide high-quality care.
One of the missingy ingredients in covering the Greater Cincinnat area wasthe I-71 corridor," said Jamesz May, CEO of Mercy Health in the release. Jewish Hospital will also join CatholidcHealthcare Partners, the Cincinnati-based parent of the Mercy Mercy recently won approval from Green Township trusteesd to build a new hospital near North Bend Road and Interstatde 74. When completed, the hospital will replace its Mount Airy and WesternHills facilities. The , of whichy Jewish is a voting member along with University and FortHamiltom hospitals, had been considering acquiring the hospital as A purchase would have made it a property in the hospitall group, like and the .
But in February, the said it woulsd also considerother partners, whiler continuing discussions with the Health Alliance.

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