Gov. Beshear: hospital merger could have 'detrimental impact - WDRB 41 Louisville News

Beshear: hospital merger could have 'detrimental impact on taxpayers'

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FRANKFORT, Ky. (WDRB) -- Kentucky Gov. Steve Beshear has decided that the proposed merger involving University Hospital and Jewish Hospital & St. Mary's Healthcare is not in the public's best interests.

Beshear had delayed making his decision until he had a chance to review a report from Kentucky Attorney General Jack Conway.

[VIEW THE FULL REPORT]

The proposed merger would have created a statewide network of healthcare facilities, but after reviewing the report, Beshear says it's not a good idea.

"After exhaustive discussions and research, I have determined that this proposed transaction is not in the best interest of the Commonwealth and therefore should not move forward," Beshear said in a statement. "In my opinion the risks to the public outweigh the potential benefits."

[VIEW THE GOVERNOR'S ENTIRE STATEMENT]

Beshear says he understands that the "changing health care industry has caused significant challenges for both University and Jewish Hospital & St. Mary's Healthcare," but added that the administration is committed to "help them fulfill their missions and succeed in a changing health care economy."

Beshear was the only public official required to sign off on the merger.


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