Louisville, Ky.-based hospital chain KentuckyOne has formally taken over management of University of Louisville Hospital, except for its Center for Women and Infants and the pharmacy, according to a report from the Courier-Journal.
The partnership that has been developing over the past year and a half falls short of a merger, because KentuckyOne's majority owner is Denver-based Catholic Health Initiatives, which is religiously opposed to certain reproductive health procedures previously conducted by the hospital. A previous merger plan failed in 2011 when Gov. Steve Beshear blocked a deal that would have sold the city's only public hospital to an operator that would have restricted certain types of care.
As part of the new joint operating agreement, announced in November, KenuckyOne will invest $1.4 billion into the health system over 20 years, while University Hospital management will oversee the separate women's center and pharmacy services, according to the report.
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The partnership that has been developing over the past year and a half falls short of a merger, because KentuckyOne's majority owner is Denver-based Catholic Health Initiatives, which is religiously opposed to certain reproductive health procedures previously conducted by the hospital. A previous merger plan failed in 2011 when Gov. Steve Beshear blocked a deal that would have sold the city's only public hospital to an operator that would have restricted certain types of care.
As part of the new joint operating agreement, announced in November, KenuckyOne will invest $1.4 billion into the health system over 20 years, while University Hospital management will oversee the separate women's center and pharmacy services, according to the report.
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