Par­ties ap­prove agree­ment end­ing Health Al­liance in Ohio

Modern Healthcare - - Late News -

The par­ties to the Health Al­liance of Greater Cincin­nati signed a fi­nal agree­ment that ef­fec­tively puts an end to what once was a re­gion­ally dom­i­nant league of five health­care or­ga­ni­za­tions. The res­o­lu­tion fol­lows a mem­o­ran­dum of un­der­stand­ing reached in March. The fi­nal agree­ment sorts out the com­plex sev­er­ing of as­sets and joint own­er­ship in­ter­ests be­long­ing to 209-bed Jewish Hos­pi­tal in Cincin­nati and 187-bed Fort Hamil­ton Hos­pi­tal in Hamil­ton, Ohio. The Health Al­liance de­clined to dis­close de­tails. Ac­cord­ing to the mem­o­ran­dum of un­der­stand­ing, Jewish Hos­pi­tal owned a 45% in­ter­est in the al­liance and Fort Hamil­ton held a 6% in­ter­est, with the bal­ance held by the Uni­ver­sity of Cincin­nati, owner of 481-bed Uni­ver­sity Hos­pi­tal. The Jewish Foun­da­tion of Cincin­nati has sold Jewish Hos­pi­tal to Mercy Health Part­ners, a di­vi­sion of Catholic Health­care Part­ners. Fort Hamil­ton, mean­while, has a ten­ta­tive deal to be acquired by Ket­ter­ing Health Net­work, Day­ton, Ohio. The Uni­ver­sity of Cincin­nati last year cre­ated UC Health as a new name­plate for Uni­ver­sity Hos­pi­tal and Uni­ver­sity of Cincin­nati Physi­cians, and which now will in­clude West Ch­ester (Ohio) Med­i­cal Cen­ter, which opened in 2009.

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