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Catholic Healthcare Partners Purchased Jewish Hospital of Cincinnati

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Transaction Announcement
Ponder & Co. is pleased to announce that Catholic Healthcare Partners (“CHP”) has purchased Jewish Hospital of Cincinnati. Jewish Hospital will become part of CHP’s affiliate, Mercy Health Partners of Southwest Ohio.

Jewish Hospital
Jewish Hospital is a full-service, acute care hospital with 209 beds located in Cincinnati’s northeast suburbs. The Hospital is situated in east-central Hamilton County and has served the residents of Cincinnati for more than 150 years.

Catholic Healthcare Partners
CHP is one of the largest not-for-profit health systems in the United States and the largest in Ohio. The system consists of more than 100 organizations, including acute care hospitals, long-term care facilities, housing sites for the elderly, home health agencies, hospice program and wellness centers. Based in Cincinnati, CHP is divided into nine regions, each of which provides a comprehensive range of services that meet the healthcare needs of people in Kentucky, Ohio, Pennsylvania, Tennessee and nearby states.

Ponder’s Role
Ponder advised the Jewish Foundation of Cincinnati and its affiliate, Jewish Hospital, in the sale to CHP. Ponder’s engagement began with the preparation of a Strategic Options Assessment that analyzed the merits of a sale of the Hospital and reviewed a range of potential buyers and structures. Once the Jewish Foundation of Cincinnati decided to pursue a sale of the Hospital, Ponder created and managed a process designed to obtain competitive proposals from qualified healthcare systems. Ponder also was involved in negotiations related to the orderly separation of the Hospital from The Health Alliance of Greater Cincinnati, a joint operating company.

Ponder & Co.
Ponder & Co. provides M&A and capital advisory services to a client base of over 150 non-profit hospitals and healthcare systems. Ponder’s M&A experience includes more than 100 M&A engagements involving general acute and specialty hospitals, ambulatory surgery centers and behavioral health facilities. Completed transactions have had asset values ranging from $4 million to over $1.5 billion.

Ponder’s M&A services include:

  • Strategic option assessments
  • Partnerships and joint ventures
  • Mergers, acquisitions and divestitures
  • Business valuations and fairness opinions
  • Board and special committee assignments
  • Real estate transaction services

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