Chief Healthcare Executive November 2, 2024
The University of Alabama at Birmingham Health System has taken ownership of Ascension St. Vincent’s in Alabama. The state is seeing some big changes in the hospital market.
A few months after announcing its plans, the University of Alabama at Birmingham Health System Authority has completed the acquisition of five Ascension hospitals in Alabama.
The University of Alabama at Birmingham announced Friday that it has finalized the deal to take ownership of the Ascension St. Vincent’s Health System in central Alabama. The university’s board of trustees approved the $450 million deal in June.
The hospitals and other associated healthcare locations now carry the brand UAB St. Vincent’s.
UAB Health System CEO Dawn Bulgarella hailed the completion of the deal.
“We...
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