Monday, November 7, 2011

Mercy system to buy Jewish Hospital - New Mexico Business Weekly:

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The two entities will beginn exclusive negotiations to come to a definitiv epurchase agreement, according to a news release. The process is expectedd to take four tosix months, and is also subject to variouws regulatory approvals. Mercy Health Partners partners operatesfive hospitals, in Fairfield, Westerm Hills, Mount Airy, Anderson Township and Clermonft County, along with outpatient and othere health care-related facilities. The purchase of Jewish, located in Kenwood, will give the system a presence in the northeasternCincinnatki suburbs.
"We are always working to provide high-quality One of the missing ingredients in coverinhg the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercyy Health Partners, in the release. Jewisg Hospital will also join CatholicHealthcared Partners, the Cincinnati-based parent of the Mercy Mercy recently won approvak from Green Township trustees to builf a new hospital near North Bend Road and Interstatwe 74. When completed, the hospita l will replace its Mount Airy and WesternHillas facilities.
The , of which Jewish is a votiny member along with University and FortHamiltonb hospitals, had been considering acquiring the hospital as A purchase would have made it a property in the hospitalo group, like and the . But in the said it would also considerother partners, whiler continuing discussions with the Health

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