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Healthcare Consolidation Happens Quickly in Kentucky
Experts have been predicting consolidation in the healthcare industry for years. Two announcements that came blowing out of Kentucky last month have convinced me it's for real this time.
I think the author better review their facts before drawing the conclusions from this article. University of Louisville Med. Ctr, financially strapped and close to bankruptcy for some time (this is their third partner affiliation in a decade, by the way, the other two failed), is merging with Jewish, also close to bankrupt for 5 years, all to be taken over by CHI. Norton and UK, not to be out done by U of L, put their clinical deal only together largely because U of L will put residents in Lexington at St. Joseph's, a CHI facility.If you know anything about the politics of U of L and UK, they dislike each other greatly. This has NOTHING TO DO WITH THE RECESSION OR OBAMCACE OR THE GOVERNMMENT.There is also a very strong question as to whether either deal will happen or ultimately work. You are drawing conclusions not based on what's happening in Kentucky. Get the facts before you print.