Failed Merger Prompts UofL Hospital Review
University Medical Center in Louisville is conducting a self-review in the wake of a failed merger attempt. UMC is made up of University of Louisville Hospital and the James Graham Brown Cancer Center. The organization recently tried to merge with Jewish/St. Mary’s Healthcare and Catholic Health Initiatives, but Governor Steve Beshear blocked the deal. Now, UMC’s board has formed a committee to look at questions over the organization’s financial viability, management and operations that arose during merger talks.
“Those are very valid questions and we think they deserve the very best answers we can get,” says UMC Chairman Bob Rounsavall, who will lead the committee.
The committee’s review will be given to a consultant. Rounsavall says the consultant will make recommendations for UMC’s future, and that could include a suggestion that the organization should find another partner to merge with.
“UMC needs to continue to try to do what it does best and look at its future in terms of how its future can best be taken care of,” says Rounsavall.