A withdrawal provision for Kentucky's new statewide health system would let University Hospital in Louisville exit the merger for an undefined cost, which is causing concern for state legislators, according to a Courier-Journal report.
University Hospital, affiliated with the University of Louisville, could unwind the merger if Catholic healthcare directives hamper the medical school's ability to train physicians or if the deal is ruled illegal after it is completed. In that case, University of Louisville would acquire all the downtown medical facilities involved in the deal, including Jewish Hospital, for a price that would be undetermined "until later," according to the report.
The facilities' pricetag would depend on what caused the merger's collapse, along with valuation estimates from outside parties at that time, according to the report. The delay in pricing is making legislators worry that U of L would have to turn to state funds to pay for the purchases.
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University Hospital, affiliated with the University of Louisville, could unwind the merger if Catholic healthcare directives hamper the medical school's ability to train physicians or if the deal is ruled illegal after it is completed. In that case, University of Louisville would acquire all the downtown medical facilities involved in the deal, including Jewish Hospital, for a price that would be undetermined "until later," according to the report.
The facilities' pricetag would depend on what caused the merger's collapse, along with valuation estimates from outside parties at that time, according to the report. The delay in pricing is making legislators worry that U of L would have to turn to state funds to pay for the purchases.
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