KentuckyOne to sell its Louisville hospitals
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.