Thursday, July 7, 2011

Mercy system to buy Jewish Hospital - Houston Business Journal:

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The two entities will beginb exclusive negotiations to come to a definitivepurchasd agreement, according to a news The process is expecteds to take four to six and is also subject to various regulatory approvals. Mercy Healthj Partners partners operatesfive hospitals, in Fairfield, Wester Hills, Mount Airy, Anderson Township and Clermont along with outpatient and otherf health care-related facilities. The purchase of Jewish, located in Kenwood, will give the system a presencse in the northeasternCincinnatu suburbs.
"We are always working to provide high-quality One of the missing ingredients in covering the Greatedr Cincinnati area wasthe I-71 corridor," said James May, CEO of Merch Health Partners, in the release. Jewish Hospital will also join CatholixcHealthcare Partners, the Cincinnati-based parent of the Mercy system. Mercty recently won approval from Green Townshi p trustees to build a new hospitalo near North Bend Road andInterstate 74. When completed, the hospital will replace its Mount Airy and WesterhnHills facilities. The , of whicyh Jewish is a voting member along with University and FortHamiltobn hospitals, had been considerinvg acquiring the hospital as well.
A purchaser would have made it a property in thehospital group, like and the . But in February, the said it wouls also considerother partners, while continuinb discussions with the Health Alliance.

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