Tuesday, April 24, 2012

Mercy system to buy Jewish Hospital - Boston Business Journal:

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The two entities will begin exclusive negotiations to come to a definitivrepurchase agreement, according to a news The process is expected to take four to six months, and is also subjecrt to various regulatory Mercy Health Partners partners operates five hospitals, in Fairfield, Westerh Hills, Mount Airy, Anderson Townshi and Clermont County, along with outpatient and otherf health care-related facilities. The purchase of Jewish, located in Kenwood, will give the system a presence in the northeasternCincinnati suburbs. "We are always workingh to provide high-quality care.
One of the missing ingredientes in covering the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercy Health in the release. Jewish Hospital will also join Catholic Healthcare the Cincinnati-based parent of the Mercy system. Mercy recentl won approval from Green Township trustees to builsd a new hospital near North Bend Road andInterstatse 74. When completed, the hospital will replacer its Mount Airy and WesternHills facilities. The , of whic Jewish is a votingb member along with University and FortHamilton hospitals, had been considerinf acquiring the hospital as well. A purchase wouldc have made it a propertu in thehospital group, like and the .
But in the said it would also considerothet partners, while continuing discussions with the Health

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