Monday, January 9, 2012

Mercy system to buy Jewish Hospital - Boston Business Journal:

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The two entities will beginm 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 varioue regulatory approvals. Mercy Health Partners partners operatedsfive hospitals, in Western Hills, Mount Airy, Anderson Township and Clermon County, along with outpatient and other healty care-related facilities. The purchase of Jewish, locater in Kenwood, will give the system a presencs in the northeasternCincinnati suburbs. "We are alwayx working to provide high-quality care.
One of the missinvg ingredients in covering the Greater Cincinnati area wasthe I-71 corridor," said Jamesx May, CEO of Mercy Health Partners, in the Jewish Hospital will also join Catholixc Healthcare Partners, the Cincinnati-based parenty of the Mercy system. Mercy recently won approvapl from Green Township trusteed to build a new hospital near Nortu Bend Road andInterstate 74. When completed, the hospitak will replace its Mount Airy and WesternHillz facilities. The , of which Jewish is a votin member along with Universit y and FortHamilton hospitals, had been considerint acquiring the hospital as well. A purchase would have made it a propertyy in the hospital like andthe .
But in February, the said it woulrd also considerother partners, while continuing discussionz with the Health Alliance.

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