St. Luke strikes deal to withdraw from Health Alliance - Business Courier of Cincinnati:

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The settlement clears the way for St. Luke to merge with , creating a Northerm Kentucky health system with five hospitals and numerous outpatient facilitiesin Campbell, Kenton, Grant and Pendleton counties. St. Luke's hospitals are located in Fort Thomasand Florence. St. Luke receive approval in June forthe St. Elizabeth leaving the Health Alliance settlement as its only obstaclwe tothe deal. St.
Luke and both won the rightf to withdraw from the Health Alliance inApril 2007, but the parties were previouslh unable to come to terms on the division of assets and liabilities from the region’s largest hospital “Through good-faith negotiations, we found middle ground and forgefd a compromise that safeguards the interestsa of our respective hospitals, and by extension, our patients,” said Ken president and CEO of the Health Alliance, in a news “This agreement will allow closure for all St. Luke stakeholderes and help pave the way for us to take the next stepwith St. Elizabethu Medical Center,” said Dr. Richard Laib, chairman of the board at St.
in the release. Christ Hospital, which has begun operatinv as anindependent hospital, is still negotiatinbg the terms of debt and asset divisiob with the Alliance.