The University of Alabama Health System Authority will acquire Ascension St. Vincent Health System, the UA Board of Trustees voted Tuesday morning.>> LATEST: Headlines & Weather from WVTM 13 This means UAB will take ownership of the care sites. They include: Two hospitals in Birmingham, Blount County, Chilton County and St. Clair CountyOne Nineteen CampusTrussville Freestanding Emergency DepartmentImaging CenterOther ClinicsThe transaction also includes the current Ascension St. Vincent:ServicesFacilitiesCaregivers & PartnersProviders“Patients will continue to have access to the health care services and providers they trust, and ultimately gain access to a larger care network,” said UAB Health System CEO Don Bulgarella, who also serves as CEO of the UAB/Ascension St. Vincent Alliance The UAB/Ascension St. Vincent Alliance was launched in 2020 to expand access to healthcare for Alabamians. “The leadership of UAB and Ascension St. Vincent views this agreement as the natural next step to expand access to sustainable care in Alabama,” the UAB Health System said in a news release. UAB has 17 owned or affiliated hospitals in Alabama. “As part of our shared commitment to our patients, caregivers, colleagues and community, we have continued to discuss options to better fulfill our mission in an increasingly complex environment,” said Jason Alexander, CEO of Ascension St. Vincent and senior vice president of Ascension. “It became clear that adding Ascension St. Vincent to the network of UAB Health System-owned hospitals — and combining and optimizing our collective strengths — is the solution to ensure our community maintains access to sustainable, high-quality healthcare. Among other benefits, patients will gain access to a larger network of local services through UAB.” According to a settlement document, UAB is expected to pay $450,000 for Ascension's stake in St. Vincent, after which the UAB Health System Authority would become the sole corporate member of St. Vincent Health System. The transaction, pending approval by the Catholic Church, is expected to be finalized and completed by the fall of 2024. Until then, both health systems will continue normal operations.>> Follow us on social media: Facebook | Twitter | Instagram | YouTube This is a developing story and will be updated as information becomes available. Stay up to date on the latest stories with the WVTM 13 app. You can download it here.
The University of Alabama Health System Authority will take over Ascension St. Vincent Health System, the UA Board of Trustees voted Tuesday morning.
>> Latest: WVTM 13 Headline News & Weather
This means that UAB will take ownership of the care sites. These include:
- Birmingham, Blount County, Chilton County, and two hospitals in St. Clair County
- One Nineteen Complex
- Trussville Freestanding Emergency Department
- Imaging Center
- Other clinics
This transaction also includes the current Ascension St. Vincent:
- Service
- facilities
- Caregivers and allies
- the provider
“Patients will continue to have access to the health services and providers they trust, and they will ultimately have access to a larger care network,” said UAB Health System CEO Don Bulgarella, who is also CEO of the UAB/Ascension St. Vincent Alliance. “UAB and St. Vincent exist to improve lives, and that purpose will inspire our actions in the coming months and beyond.”
The UAB/Ascension St. Vincent Alliance was launched in 2020 to expand Alabamians’ access to health care.
“The leadership of UAB and Ascension St. Vincent sees this agreement as a natural next step to continue expanding access to sustainable care in Alabama,” UAB Health Systems said in a news release.
UAB has 17 owned or affiliated hospitals in Alabama.
“As part of our shared commitment to our patients, caregivers, colleagues and community, we continue to discuss options to better fulfill our mission in an increasingly complex environment,” said Jason Alexander, CEO of Ascension St. Vincent and senior vice president of Ascension. “It became clear that adding Ascension St. Vincent to the network of hospitals owned by UAB Health System – and combining and optimizing our collective strengths – is the solution to ensure our community maintains access to sustainable, high-quality healthcare. Among other benefits, patients will have access to a larger network of local services through UAB.”
According to a settlement document, UAB is expected to pay $450,000 for Ascension's stake in St. Vincent, after which the UAB Health System Authority would become the sole corporate member of St. Vincent Health System.
The transaction is expected to be finalized and completed by the end of 2024, pending approval by the Catholic Church. Until then, both health systems will continue to operate as normal.
>> Follow us on social media: Facebook , Twitter , Instagram , YouTube
This is a developing story and will be updated as information becomes available. Stay up to date on the latest stories with the WVTM 13 app. You can download it here Here,