Thursday, November 29, 2012

Mercy system to buy Jewish Hospital - South Florida Business Journal:

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The two entities will begin exclusiv negotiations to come to a definitivepurchase agreement, accordiny to a news release. The proces is expected to take four tosix months, and is also subjec to various regulatory approvals. Mercy Healtg Partners partners operatesfive hospitals, in Western Hills, Mount Airy, Anderson Townshi and Clermont County, alonvg with outpatient and other health care-relatec facilities. The purchase of located in Kenwood, will give the system a presence in the northeasterjnCincinnati suburbs. "We are always working to provid high-quality care.
One of the missing ingredientsd in covering the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercy Health Partners, in the Jewish Hospital will also join Catholic Healthcarre Partners, the Cincinnati-based parent of the Mercy system. Mercy recently won approvall from Green Township trusteesx to build a new hospital near Nortn Bend Road andInterstate 74. When completed, the hospital will replacee its Mount Airy and WesternHills facilities. The , of whichg Jewish is a voting member along with Universith and FortHamilton hospitals, had been consideringh acquiring the hospital as well. A purchase would have made it a propertyy in thehospital group, like and the .
But in February, the said it woule also consider other while continuing discussions with theHealth

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