Neeli Bendapudi has delivered the plan. Now it’s up to the state legislature.
The presence of the University of Louisville may soon be greatly magnified throughout this community, which has hopefully been spared massive losses in healthcare services for patients and jobs for health care providers.
Thanks to Dr. Bendapudi, Jewish Hospital will not be announcing plans this week to close its doors. The historic hospital, along with nine other health care facilities in the area, will soon be under the auspices of UofL.
The University will invest $10 million in purchasing all of the assets of Kentucky One from CommonSpirit Health, its Chicago-based parent company. CommonSpirit will forgive $19.7 million in outstanding promissory notes from University Medical Center Inc. UofL will receive more than $76 million of working capital in the form of accounts receivable and cash to meet future operating expenses.
The deal came together within two weeks after discussions about Jewish Hospital fell through with a potential private investor. Knowing that Louisville could not afford to be without the facilities, Bendapudi was able to marshal an almost unprecedented level of cooperation between city and state officials and political parties.
UofL also will acquire the following:
- Frazier Rehab Institute
- Sts. Mary & Elizabeth Hospital
- Our Lady of Peace Hospital
- Jewish Hospital, Shelbyville
- Jewish Medical Centers East, Northeast, South and Southwest
- Physician groups affiliated with KentuckyOne
Another integral part of the deal would include a $50 million loan from the state, subject to the approval of the Kentucky General Assembly. Governor Matt Bevin has endorsed the plan, along with the leaders of both parties in the Kentucky General Assembly. Getting something this important passed in Kentucky is always a struggle.
After years of struggle with the city’s healthcare challenges, there is reason for optimism again, providing hope that Louisville will again resume its pioneering role in medical research and quality health care.
She has a long list of names of people to credit, and their involvement was absolutely necessary, but Neeli Bendapudi is the driving force.