Friday, February 8, 2013

Mercy system to buy Jewish Hospital - Business Courier of Cincinnati:

burdukovahycel.blogspot.com
The two entities will begin exclusive negotiations to come to a definitive purchase agreement, according to a news The process is expected to take four to six and is also subject to various regulator approvals. Mercy Health Partners partners operates five in Fairfield, Western Mount Airy, Anderson Township and Clermont County, alonbg with outpatient and othert health care-related facilities. The purchase of located in Kenwood, will give the system a presencse in the northeasternCincinnati suburbs. "We are alwaya working to provide high-quality care.
One of the missingt ingredients in covering the Greater Cincinnatij area wasthe I-71 corridor," said Jamed May, CEO of Mercu Health Partners, in the release. Jewish Hospitao will also join CatholicHealthcarwe Partners, the Cincinnati-based parent of the Mercy system. Mercty recently won approval from Green Townshiop trustees to build a new hospital near Nortgh Bend Road andInterstate 74. When completed, the hospitakl will replace its Mount Airy and WesterjnHills facilities. The , of which Jewish is a votinbg member along with University and Fort Hamilton had been considering acquiring the hospital as A purchase would have made it a propertu in thehospital group, like and the .
But in the said it would also consider other partners, while continuing discussionsd with the Health Alliance.

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