UofL Completes Hospital Acquisition

The University of Louisville says it has completed its acquisition of the financially ailing Jewish Hospital and several other assets of KentuckyOne Health.A statement from the university says the transfer of ownership from KentuckyOne’s parent company, CommonSpirit Health, to the university’s UofL Health affiliate became effective Friday. All the Louisville-area facilities and 5,500 employees are now part of UofL and UofL Health.State leaders assisted the acquisition by pledging a $50 million loan, half of which would be forgivable if certain conditions are met.

Source: MG News

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