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Modern Healthcare - - Late News -

QUES­TIONS IN KEN­TUCKY / State has se­ri­ous ques­tions about the pro­posed merger of the Univer­sity of Louisville Hos­pi­tal with two CHI sub­sidiaries.

Ken­tucky At­tor­ney Gen­eral Jack Conway has se­ri­ous ques­tions about the pro­posed $620 mil­lion merger that would com­bine the Univer­sity of Louisville Hos­pi­tal with two sub­sidiaries of Catholic Health Ini­tia­tives, a spokes­woman said. Two Ken­tucky-based sub­sidiaries of CHI—Jewish Hos­pi­tal & St. Mary’s Health­care, Louisville; and St. Joseph Health Sys­tem, Lex­ing­ton—in June pro­posed merg­ing with the 329-bed Univer­sity of Louisville Hos­pi­tal. CHI would con­trib­ute $320 mil­lion in work­ing cap­i­tal to the part­ner­ship, plus in­vest $200 mil­lion for fa­cil­i­ties im­prove­ments and $100 mil­lion in other ser­vices statewide. Al­li­son Martin, spokes­woman for Conway, said he has ques­tions about what would hap­pen to any pub­lic prop­erty in­volved, since the Univer­sity of Louisville Hos­pi­tal has re­ceived tax­payer sup­port. Conway also is con­cerned that the Univer­sity of Louisville Hos­pi­tal would have to fol­low the Ro­man Catholic Eth­i­cal and Re­li­gious Di­rec­tives, which tightly re­strict re­pro­duc­tive surg­eries and end-oflife plan­ning. “We’ve not been con­tacted by At­tor­ney Gen­eral Conway to date,” CHI spokes­woman Mary Elise Biegert said. “If we are, and it sounds like he is plan­ning to make an in­quiry, we in­tend to co­op­er­ate fully with him.” Ken­tucky does not re­quire the at­tor­ney gen­eral to ap­prove the trans­ac­tion, but Martin said Conway could in­ter­vene as a party with the Fed­eral Trade Com­mis­sion. A spokesman for the FTC con­firmed that the agency is “aware of” the pro­posed trans­ac­tion, but could not com­ment on it fur­ther.

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