UAB Health to acquire Ascension St. Vincent's

UAB Health to acquire Ascension St. Vincent's 
Becker's Hospital Review; by Laura Dyrda; 6/25/24 
The University of Alabama System's board of trustees unanimously approved an agreement to acquire Ascension St. Vincent's Health System. Birmingham-based UAB will assume ownership of all Ascension St. Vincent's care sites under the agreement, announced June 25. The transaction still needs approval from federal regulators and the Catholic Church. UAB and Ascension expect the deal to close in the fall of 2024. "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," said Dawn Bulgarella, CEO of UAB Health System, in a news release. The two organizations have worked closely together in the past, launching UAB/Ascension St. Vincent's Alliance in 2020 to improve access to care. ... UAB Health, a $6.4 billion system, aims to strengthen hospitals in the state, especially as financial hardship has caused other hospitals nationwide to close.