Ken­tuck­yOne to sell its Louisville hos­pi­tals

Modern Healthcare - - LATE NEWS - —Dave Barkholz

Strug­gling Ken­tuck­yOne Health said last week it will sell its Louisville hos­pi­tals to fo­cus on its health­ier mar­kets in Lex­ing­ton and eastern Ken­tucky.

Ken­tuck­yOne, a divi­sion of Catholic Health Ini­tia­tives, will seek buy­ers for Jewish Hospi­tal; Fra­zier Re­hab In­sti­tute; Sts. Mary & El­iz­a­beth Hospi­tal; Med­i­cal Cen­ters Jewish East, South, South­west and North­east; Jewish Hospi­tal Shel­byville; and St. Joseph Martin and Ken­tuck­yOne Health Med­i­cal Group provider prac­tices in Louisville and Martin.

“The great change and great un­cer­tainty in the health­care in­dus­try has strained our fi­nan­cial health,” Ken­tuck­yOne CEO Ruth Brink­ley said. “Mar­ket forces have evolved to the point that change is needed to al­low on­go­ing sup­port for health and well­ness in Ken­tucky.”

Ken­tuck­yOne will con­cen­trate on strength­en­ing care around its other hos­pi­tals and fa­cil­i­ties as it seeks buy­ers, the com­pany said. There were no de­tails on whether any com­pa­nies had ex­pressed in­ter­est in the hos­pi­tals be­ing sold.

Ken­tuck­yOne’s par­ent or­ga­ni­za­tion, CHI, is hav­ing its own fi­nan­cial prob­lems. It is in af­fil­i­a­tion talks with another Catholic-spon­sored gi­ant, Dig­nity Health in San Fran­cisco.

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