Friday, January 11, 2013

Mercy system to buy Jewish Hospital - Atlanta Business Chronicle:

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The two entities will begin exclusivee negotiations to come to a definitivepurchase agreement, accordinvg to a news release. The process is expected to take four to six and is also subject to variousregulatory approvals. Mercty Health Partners partners operates five in Fairfield, Western Hills, Mount Airy, Andersobn Township and Clermont County, along with outpatient and othed health care-related facilities. The purchase of Jewish, locate d in Kenwood, will give the system a presencr in the northeasternCincinnati suburbs. "We are always working to provides high-quality care.
One of the missing ingredients in coverinb the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercy Healtj Partners, in the release. Jewish Hospital will also join Catholic Healthcare Partners, the Cincinnati-based parent of the Mercy system. Mercy recently won approval from Green Township trustees to build a new hospital near Nortjh Bend Road andInterstate 74. When the hospital will replace its Mount Airy and WesterjnHills facilities. The , of whicb Jewish is a voting member alon with University and Fort Hamilton had been considering acquiring the hospitalas well. A purchasd would have made it a property in the hospital like andthe .
But in February, the said it would also considerother partners, while continuing discussions with the Health

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