Louisville, Ky.-based Jewish Hospital & St. Mary's HealthCare rejected a $1 billion offer from Community Health Systems to acquire the health system, according to a report by Business First.
The CHS proposal was unsolicited and was presented to the hospital board in early June, according to the report. Jewish Hospital & St. Mary's, which is currently operated by Catholic Health Initiatives announced last week it would explore a merger with University of Louisville Hospital.
Read the Business First report Jewish Hospital & St. Mary's HealthCare.
Read other Becker's coverage on Community Health Systems.
Community Health Systems Announces Q1 2010 Results, 8.5% Increase in Net Operating Revenues
The CHS proposal was unsolicited and was presented to the hospital board in early June, according to the report. Jewish Hospital & St. Mary's, which is currently operated by Catholic Health Initiatives announced last week it would explore a merger with University of Louisville Hospital.
Read the Business First report Jewish Hospital & St. Mary's HealthCare.
Read other Becker's coverage on Community Health Systems.
Community Health Systems Announces Q1 2010 Results, 8.5% Increase in Net Operating Revenues