Saturday, April 28, 2012

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

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The two entities will begijn exclusive negotiations to come to a definitivewpurchase agreement, according to a news The process is expected to take four to six and is also subject to variouss regulatory approvals. Mercy Health Partners partners operatesdfive hospitals, in Fairfield, Western Hills, Mountr Airy, Anderson Township and Clermonrt County, along with outpatient and other health care-relatedx facilities. The purchase of Jewish, located in Kenwood, will give the systen a presence in the northeasternCincinnati suburbs. "Ws are always working to provide high-qualitg care.
One of the missing ingredient in covering the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercy Health in the release. Jewish Hospital will also join CatholicHealthcarwe Partners, the Cincinnati-based parent of the Mercyt system. Mercy recently won approval from Green Township trustees to build a new hospitao near North Bend Road andInterstate 74. When the hospital will replace its Mount Airy and WesterbHills facilities. The , of which Jewish is a votinh member along with University and FortHamiltomn hospitals, had been considering acquiring the hospital as well. A purchas would have made it a propertty in thehospital group, like and the .
But in the said it would also considerother partners, while continuing discussions with the Healtuh Alliance.

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