Becker's Healthcare November 4, 2024
St. Louis-based Ascension has sold its St. Vincent’s Health System to The University of Alabama at Birmingham Health System Authority in a deal valued at $450 million, effective Nov. 1.
Here are five things ASCs need to know:
1. UAB Health System assumed ownership of all Ascension St. Vincent’s care sites, including the hospitals at Birmingham, Blount, Chilton, East and St. Clair, as well as the Trussville Freestanding Emergency Department, imaging centers and other clinics that are part of Ascension Medical Group.
2. UAB Health aims to strengthen hospitals in the state, especially as financial hardship has caused other hospitals nationwide to close.
3. “I look forward to seeing how the combining of these two great health systems...
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