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Cleveland-based University Hospitals, Sisters of Charity rework partnership

Cleveland Plain Dealer, March 5, 2009

Cleveland-based University Hospitals and the Sisters of Charity Health System have announced plans to revamp their partnership in a deal that affects the future of three of the region's hospitals and their patients. University Hospitals will take over business operations at St. John West Shore Hospital while keeping its 50% ownership stake. University Hospitals will also manage up to a $100 million investment in St. John over six years, with $50 million coming from each system.