- Associated Press - Saturday, July 12, 2014

LOUISVILLE, Ky. (AP) - University of Louisville President James Ramsey says the school’s 16-month-old alliance with the financially-struggling hospital company KentuckyOne Health “has had its challenges.”

The Courier-Journal (https://cjky.it/1y860qD ) reports that the partnership calls for KentuckyOne to invest $135 million in UofL over three to five years to support public health, nursing and other areas. So far, $44 million has been paid.

Ramsey says the company has met its contractual obligations, but he would have preferred having more money up front. That way, he says it could be invested in programs more quickly or programs could be launched with the knowledge that the money is there.

Ramsey’s comments come as KentuckyOne works to close a $218 million deficit. In February, the company laid off about 500 workers.


Information from: The Courier-Journal, https://www.courier-journal.com

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