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Univ. Of Md. Enters Ownership Negotiations With St. Joseph Medical Center

BALTIMORE (WJZ)– WJZ has learned the University of Maryland Medical System has entered into an exclusive agreement with St. Joseph Medical Center.

Sources say the process is expected to take some time to go through, but under the agreement the University of Maryland intends to purchase St. Joseph Medical Center.  The transfer of ownership will need to be approved by Catholic Health initiatives, federal, state and Church authorities prior to the transaction closing.   

St. Joseph Medical Center was put up for sale after a surgical scandal involving stents that hurt its reputation and finances. 

Three hospital systems were initially considered to buy St. Joseph Medical Center, but University of Maryland is now in exclusive talks.

The University of Maryland Medical System released this statement:

“The University of Maryland Medical System is pleased to have been selected as the preferred partner to acquire St. Joseph Medical Center and help them continue their long tradition of serving the community.  We are looking forward to working with the staff and physicians of St. Joseph and to moving forward with Catholic Health Initiatives to finalize the terms of the agreement.”

A news release from St. Joseph Medical Center says University of Maryland Medical System has committed to honor St. Joseph’s Catholic identity and religious heritage.   

 Stay with WJZ.COM for the latest on this developing story.

Comments

One Comment

  1. Chunnya says:

    I have no statistics on how happy other hip remeaclpent patients are but I can tell you that I have had both hips replaced in separate surgeries and I couldnt be more pleased with the outcome If I hadnt had the surgeies I would be in a wheelchair today I consider it sort of a miracle surgery in how it relieves pain and restores function in people who would otherwise end up in wheelchairs I couldnt walk without a cane or stand for more than a few minutes during the months before surgery Now I can shop till I drop and walk miles Like I said a miracle As for recovery time I was able to drive at the 5-week mark (after each surgery) I used a walking aid (walker or crutches then a single crutch then a cane) for about 2-3 months (I recovered faster from the second surgery) I finished outpatient PT at about the 8-week mark I just had my 7-year check-up

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