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 has announced. 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. UAB Health System is a $6.4 billion system based in Birmingham, Alabama. It has more than 2,600 licensed beds across 17 owned, affiliate and network hospitals and a multi-specialty group of about 1,550 physicians. The system also houses patient care activities of the University of Alabama at Birmingham’s Marnix E. Heersink School of Medicine.
Read the full article: UAB Health System Acquiring Ascension’s Alabama Subsidiary for $450M //
Source: https://www.fiercehealthcare.com/providers/uab-health-system-acquiring-ascensions-alabama-subsidiary-450m