Englewood, Colo.-based Catholic Health Initiatives, its affiliate Saint Clare's Health System in Denville, N.J., and Ascension Health Care Network in St. Louis have decided to end negotiations for the transfer of ownership of Saint Clare's.
In March, CHI and Saint Clare's announced they were conducting exclusive negotiations with Ascension Health Care Network. CHI was pursuing a new owner in order to better meet the needs of the patient communities served by Saint Clare's.
Specific reasons for the dissolution of the potential deal were not released.
CHI is committed to Saint Clare's until new ownership is secured, and the search is still ongoing, according to the release.
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In March, CHI and Saint Clare's announced they were conducting exclusive negotiations with Ascension Health Care Network. CHI was pursuing a new owner in order to better meet the needs of the patient communities served by Saint Clare's.
Specific reasons for the dissolution of the potential deal were not released.
CHI is committed to Saint Clare's until new ownership is secured, and the search is still ongoing, according to the release.
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