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Ascension Health Subsidiary to Buy Insurer for $50M

By John Commins  
   February 24, 2015

With the JCH deal, CHC owns, manages, and consults with 21 community hospitals nationwide.  

On May 1, 2014, Adventist Health System gave JCH one year's notice that it would end its lease with the City of Jellico. The JCH board examined several potential partners for strategic affiliation but last autumn voted unanimously to hold discussions only with CHC.

"We have been proud to serve the community of Jellico for 40 years, but the financial pressures and hardship of managing a small community hospital without the partnership and resources of a larger system within the region are no longer sustainable," Jimm Bunch, chairman of the JCH board said in prepared remarks. We are pleased that CHC will embrace and further our mission in this community." 

CHC has also entered into a clinical affiliation agreement with Baptist Health, headquartered in Louisville, KY. CHC and Baptist Health already collaborate for long-term acute care through ContinueCARE Hospital at Baptist Health Corbin (KY), 30 miles north of Jellico. 

"Increasingly, we are looking for relationships that can demonstrate the value and benefits of the Baptist Health network working in collaboration with local healthcare providers to deliver quality care close to home to better serve their communities," Baptist Health CEO Stephen Hanson said in the media release.

 

John Commins is a content specialist and online news editor for HealthLeaders, a Simplify Compliance brand.

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