Alliant Healthcare System and Baptist Healthcare System late last month said they have formalized discussions that could lead to a collaborative venture between the two Louisville, Ky.-based hospital systems.
MODERN HEALTHCARE had reported that the two systems have been talking informally for months about "possible joint opportunities" (May 17, 1993, p. 4).
Edgar Vaughn, Baptist's president and chief executive officer, was quoted in local press reports as saying that the topics of the discussions, led by a small joint task force, could range from sharing specific services to a merger. However, he said a merger isn't being considered at this time.
A Baptist spokeswoman said there's no timetable for reaching a decision about the systems' future together.
Alliant owns three hospitals in Louisville with a total of 751 staffed beds. It manages 24 other hospitals in Illinois, Indiana and Kentucky. Alliant's 1992 revenues totaled $354 million, a spokeswoman said.
Baptist owns five hospitals in Kentucky with a total of 1,394 staffed beds. The system declined to release any financial data.
Combined, the two systems own 35% of the staffed inpatient beds in Louisville.