Saint Joseph to merge with U of L Hospital, Jewish Hospital
The non-profit companies that operate three of Kentucky's largest hospital networks — Saint Joseph Health Systems, University of Louisville Hospital and Jewish Hospital — intend to merge under an agreement approved by U of L trustees Thursday.
The organizations have agreed to sign a letter of intent, which is a non-binding document that provides an outline as the parties work toward a final agreement. They hope to complete the merger within a year.
The combined entity would include more than 3,000 physicians and 15,000 employees in Kentucky and have combined revenues of more than $2 billion. Jewish and U of L hold a 42 percent market share in the Louisville area while Saint Joseph Hospital and Saint Joseph East have a 21.8 percent market share in Lexington.
- Patient Harm Data to Remain on Medicare's Hospital Compare Site
- Quiet ORs Better for Patient Safety
- Tavenner Confirmed as CMS Administrator
- Leapfrog Hospital Safety Scores 'Depressing'
- Building a Better Healthcare Board
- CMS Seeks to 'Rapidly Reduce' Medicare Spending with $1B in Grants
- Hard-Nosed About Physician Teamwork
- Healthcare Leaders Sound Off on Organized Labor
- Rural Healthcare Can Entice the Best and Brightest
- How Medical Debt Forgiveness Benefits Hospitals