BIRMINGHAM, Ala. (WBRC) – Ascension St. Vincent’s Health System will soon be under new ownership. The University of Alabama System Board of Trustees approved an agreement Tuesday with Ascension for UAB Health System Authority to assume ownership of all Ascension St. Vincent’s sites of care.
That includes the hospitals at Birmingham, Blount, Chilton, East and St. Clair, as well as the One Nineteen Campus, the Trussville Freestanding Emergency Department, imaging centers and other clinics that are part of the Ascension Medical Group.
The acquisition price is $450 million.
“Patients will continue to have access to the healthcare services and providers they’ve come to trust, and ultimately gain access to a larger care network,” said UAB Health System CEO Dawn Bulgarella, who also serves as CEO of the UAB/Ascension St. Vincent’s Alliance. “UAB and St. Vincent’s exist to improve lives, and that purpose will drive our actions in the coming months and beyond.”
The deal is expected to be completed in the fall, following regulatory approvals, and closing conditions and approval by the Catholic Church. Until then, UAB Health System and Ascension St. Vincent’s will continue normal operations, according to a news release.
UAB and Ascension St. Vincent’s formed a health alliance in 2020 to help expand access to high-quality and innovative healthcare for Alabamians.
Ascension St. Vincent’s CEO and Ascension Senior Vice President Jason Alexander said, “As part of our shared commitment to our patients, caregivers, associates and community, we have continued to discuss options to better deliver on our missions in an increasingly complex environment.”
He added, “It became clear that adding Ascension St. Vincent’s to UAB Health System’s network of owned hospitals – and combining and optimizing our collective strengths – is the solution to ensure that our community retains access to sustainable, high-quality healthcare. Among other benefits, patients will gain access to a larger network of local services through UAB.”
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