KentuckyOne Health says multiple parties interested in Jewish Ho - WDRB 41 Louisville News

KentuckyOne Health says multiple parties interested in Jewish Hospital, other Louisville facilities

Posted: Updated:
The emergency room at entrance at Jewish Hospital in downtown Louisville. The emergency room at entrance at Jewish Hospital in downtown Louisville.

LOUISVILLE, Ky. (WDRB) --  KentuckyOne Health says Jewish Hospital and a number of facilities it plans to offload have a “bright future” with multiple potential owners, despite their planned sale taking longer than first anticipated.

WDRB reported Friday that Catholic Health Initiatives, KentuckyOne’s parent company, said it could take until June 2018 to sell all of the company’s Louisville assets, including Jewish Hospital, the Frazier Rehabilitation Institute, Sts. Mary & Elizabeth Hospital and Jewish Hospital Shelbyville.

CHI originally said it planned to complete the sale by the end of the year.

In a statement issued Monday, KentuckyOne Health said it is “pleased with the responses that we have received from organizations who are interested in continuing the important legacy of care in the communities we serve.”

“Given the level of interest and the number of interested parties, we believe the future is very bright for Jewish Hospital, Sts. Mary & Elizabeth Hospital, Frazier Rehab Institute and all of the divesting facilities,” KentuckyOne said.

The nonprofit healthcare provider did not name the potential buyers nor say how many are interested, adding that the parties have signed non-disclosure agreements that prevent them from commenting.

“Meetings and bid presentations with the interested parties have been scheduled for the next few weeks,” KentuckyOne Health said.

Besides the hospitals, KentuckyOne also wants to sell its Louisville outpatient centers -- Jewish Medical Centers East, South, Southwest and Northeast – as well as the KentuckyOne Health Medical Group provider practice in Louisville.

Finally, KentuckyOne plans to sell Saint Joseph Martin, a 25-bed critical access facility in eastern Kentucky, and its provider practice in Martin, Ky.

The Jewish Hospital & St. Mary’s Healthcare assets collectively posted operating losses of $20 million on $182 million in revenue during the three months ended Sept. 30, according to CHI’s most recent financial report dated Nov. 7.

Reach reporter Chris Otts at 502-585-0822, cotts@wdrb.com, on Twitter or on Facebook. Copyright 2017 WDRB News. All rights reserved.

  • Sign Up for WDRB's Sports Newsletter

    * denotes required fields

    Thank you for signing up! You will receive a confirmation email shortly.
  • Stories by Chris OttsMore>>

  • Beshear: Too soon to say whether taxpayer-funded aluminum company is a 'public agency'

    Beshear: Too soon to say whether taxpayer-funded aluminum company is a 'public agency'

    Monday, November 20 2017 10:58 AM EST2017-11-20 15:58:30 GMT
    Craig Bouchard, CEO of Braidy Industries Inc., speaks to the Louisville Rotary Club on Nov. 9, 2017.Craig Bouchard, CEO of Braidy Industries Inc., speaks to the Louisville Rotary Club on Nov. 9, 2017.

    It’s too soon to determine whether Braidy Industries, the aluminum manufacturing company in which Kentucky taxpayers are a big shareholder, is a “public agency” that must disclose its records like state and local government.

    More >>

    It’s too soon to determine whether Braidy Industries, the aluminum manufacturing company in which Kentucky taxpayers are a big shareholder, is a “public agency” that must disclose its records like state and local government.

    More >>
  • Now making money on Obamacare, Humana still plans to quit exchanges

    Now making money on Obamacare, Humana still plans to quit exchanges

    Friday, November 17 2017 1:46 PM EST2017-11-17 18:46:53 GMT
    Louisville-based Humana is unexpectedly making money on Obamacare exchange plans this year, company reports show.Louisville-based Humana is unexpectedly making money on Obamacare exchange plans this year, company reports show.

    Louisville-based Humana isn’t budging from its promise to stop selling individual plans in the Obamacare health insurance exchanges -- once and for all – in 2018. There’s only one problem: Humana is finally making money on the plans.

    More >>

    Louisville-based Humana isn’t budging from its promise to stop selling individual plans in the Obamacare health insurance exchanges -- once and for all – in 2018. There’s only one problem: Humana is finally making money on the plans.

    More >>
  • Louisville-based Almost Family to merge with bigger competitor

    Louisville-based Almost Family to merge with bigger competitor

    Thursday, November 16 2017 5:06 PM EST2017-11-16 22:06:51 GMT
    Almost Family's headquarters office in LyndonAlmost Family's headquarters office in Lyndon

    Louisville-based Almost Family Inc. plans to merge with its slightly bigger competitor LHC Group to create a national home-health care giant that will operate in 36 states and generate $1.8 billion in annual revenue.

    More >>

    Louisville-based Almost Family Inc. plans to merge with its slightly bigger competitor LHC Group to create a national home-health care giant that will operate in 36 states and generate $1.8 billion in annual revenue.

    More >>
Powered by Frankly
All content © Copyright 2000 - 2017 WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.