Reviewed by: Callie Morrison
BREAKING: UAB Health Systems to acquire Ascension St. Vincent’s
The University of Alabama System Board of Trustees has approved an agreement with Ascension St. Vincent’s for the UAB Health System Authority to assume ownership of Ascension St. Vincent’s Health System in Central Alabama.
Under the agreement, UAB Health System Authority will acquire all of Ascension St. Vincent’s sites of care including the hospitals at:
- Birmingham
- Blount
- Chilton
- East and St. Clair
- One Nineteen Campus
- Trussville Freestanding Emergency Department
- Imaging centers + other clinics that are part of Ascension Medical Group
The transaction will also include current Ascension St. Vincent’s services, facilities, caregivers and associates, including a robust network of providers serving the region.
“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. UAB and St. Vincent’s exists to improve lives, and that purpose will drive our actions in the coming months and beyond.”
Dawn Bulgarella, CEO, UAB Health System
The deal is expected to be completed in the fall of 2024.
Before the purchase can be completed both groups need to receive approval from regulatory agencies and the Catholic Church. Until then, UAB Health System and Ascension St. Vincent’s will continue normal operations.
Birmingham’s oldest hospital Ascension St. Vincent’s was established in 1898.
On July 1, 2020 Ascension St Vincent’s formally entered into an alliance with the UAB Health System which likely paved the way for today’s announcement.
The transaction is worth $450 million according to a UAB news release
