Fierce Healthcare June 25, 2024
Ascension is selling off its interest in a five-hospital subsidiary system in central Alabama to UAB Health System for about $450 million, the latter announced Tuesday.
The deal for Ascension St. Vincent’s Health System is expected to close in the fall of 2024, pending standard regulatory approvals and a sign-off from the Catholic Church. The deal includes the system’s hospitals, a freestanding emergency department and other clinical facilities and employees that make up the system.
The Board of Trustees of the University of Alabama said it approved the acquisition agreement “after thorough study and due diligence.” At an afternoon press conference, UAB Health System leadership said the organization is planning new infrastructure investments for St. Vincent’s and has no plans...
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