Officials from the University of Louisville, Ky., have signed a letter of intent to move ahead with a merger between the school’s healthcare system and two other healthcare organizations to form a statewide organization, according to a Courier Journal report.
The three-way merger will join Jewish Hospital & St. Mary’s HealthCare/Jewish Hospital HealthCare Services in Louisville, Ky.; Catholic Health Initiatives and its Lexington, Ky.-based operation, St. Joseph Health System; and University of Louisville Hospital/James Graham Brown Center and the University of Louisville.
Combined, the organization will have more than 3,000 physicians, 91 locations and combined revenue of more than $2 million. The expected completion of the merger has not been released.
Read the Courier Journal report on University of Louisville Health Care’s merger.
Read more about mergers and acquisitions:
-Mergers and Acquisitions Driven by Clinical IT Integration
-5 Reasons to Consider an Acquisition Over a Merger
-Key Considerations for Hospitals Looking to Merge, Acquire or Sell
The three-way merger will join Jewish Hospital & St. Mary’s HealthCare/Jewish Hospital HealthCare Services in Louisville, Ky.; Catholic Health Initiatives and its Lexington, Ky.-based operation, St. Joseph Health System; and University of Louisville Hospital/James Graham Brown Center and the University of Louisville.
Combined, the organization will have more than 3,000 physicians, 91 locations and combined revenue of more than $2 million. The expected completion of the merger has not been released.
Read the Courier Journal report on University of Louisville Health Care’s merger.
Read more about mergers and acquisitions:
-Mergers and Acquisitions Driven by Clinical IT Integration
-5 Reasons to Consider an Acquisition Over a Merger
-Key Considerations for Hospitals Looking to Merge, Acquire or Sell