The University of Louisville in Kentucky reportedly bid to acquire several hospitals and other assets from Louisville-based KentuckyOne Health that have been on sale for more than one year, according to WDRB.com.
Here are three things to know:
1. U of L submitted a nonbinding letter of intent on Dec. 21 to KentuckyOne's parent company, Englewood, Colo.-based Catholic Health Initiatives, to acquire its Louisville-based assets, according to an email the president of U of L sent to several university officials.
"This will allow us to do detailed due diligence and vet potential partners," he said in the email, which WDRB.com obtained under the Kentucky Open Records Act.
2. CHI and KentuckyOne have previously said they have remained in exclusive sale negotiations with private equity firm BlueMountain Capital Management since December 2017. However, CHI executives have continued delaying the timeline for a potential agreement.
3. A U of L spokesperson declined to comment to WDRB.com about additional details related to the university's bid for the Louisville-based facilities, which include Jewish Hospital and the Frazier Rehabilitation Institute.
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