University of Louisville Health Has Acquired the Louisville Market Assets of KentuckyOne Health
November 8, 2019
The University of Louisville Health (“UL Health”), a not-for-profit, integrated health system providing care across the full spectrum of healthcare services to patients throughout the Louisville, KY metropolitan area, has acquired the Louisville market assets of KentuckyOne Health (“KOH”), one of the largest and most comprehensive not-for-profit health systems in the state of Kentucky, from CommonSpirit Health.
The University of Louisville (“University”), University of Louisville Hospital (“UL Hospital”) and KOH have had a longstanding academic relationship, and this acquisition will create an integrated operating model that will bring the academic and clinical enterprises even closer together. This transaction more than doubles UL Health’s footprint in the greater Louisville, KY metropolitan market to include five KOH hospitals and four KOH outpatient facility locations. The two entities will bring together their hospitals, primary and multi-specialty care clinics, outpatient locations, and other services into a shared care delivery system led by academic physicians.
UL Health is made up of UL Hospital and University of Louisville Physicians (“UL Physicians”). UL Hospital is a 404-bed, preeminent, not-for-profit, academic teaching and research hospital that offers a world-renowned cancer center and the only Level I Trauma Center in the region. UL Physicians is the largest multi-specialty physician practice in the Louisville, KY area with nearly 1,000 providers in 110 practices and clinics. UL Health serves as the main academic partner to the University for training and research in the clinical setting.
The acquisition closed in November 2019. The partnership will create tighter operational alignment to simplify the care experience for patients, have a focus on leading research, education and patient care aimed at discovering new approaches to improving health – from primary care through complex hospital care, provide stability in the community, and increase financial support to the University.
Cain Brothers served as strategic advisor to UL Health.