After thorough study and due diligence, the 星空无限传媒 System Board of Trustees approved an agreement with Ascension for to assume ownership of Ascension St. Vincent鈥檚 Health System in central 星空无限传媒 to sustain patients鈥� access to the highest quality care in Birmingham and surrounding communities.
Under the agreement, UAB Health System Authority will assume ownership of all Ascension St. Vincent鈥檚 sites of care including the hospitals at Birmingham, Blount, Chilton, East and St. Clair, as well as the One Nineteen Campus; the Trussville Freestanding Emergency Department; and imaging centers and other clinics that are part of Ascension Medical Group. The transaction will include current Ascension St. Vincent鈥檚 services, facilities, caregivers and associates, including a robust network of providers serving the region.
鈥淧atients will continue to have access to the healthcare services and providers they鈥檝e come to trust, and ultimately gain access to a larger care network,鈥� said UAB Health System CEO Dawn Bulgarella, who also serves as CEO of the UAB/Ascension St. Vincent鈥檚 Alliance. 鈥淯AB and St. Vincent鈥檚 exist to improve lives, and that purpose will drive our actions in the coming months and beyond.鈥�
The to increase Alabamians鈥� access to high-quality, innovative medical care and help patients receive the right care at the right time and place. UAB and Ascension St. Vincent鈥檚 leadership view this agreement as the natural next step to continue to expand access to sustainable care in 星空无限传媒.
Ascension St. Vincent鈥檚 CEO and Ascension Senior Vice President Jason Alexander says UAB Health System 鈥� with a statewide network of 17 hospitals, both owned and affiliated, and with its integrated care delivery system and proven record of promoting patient-centric, sustainable care across Birmingham and 星空无限传媒 鈥� is best positioned to extend opportunities for patients to access a larger care network into the future.
鈥淎s part of our shared commitment to our patients, caregivers, associates and community, we have continued to discuss options to better deliver on our missions in an increasingly complex environment,鈥� Alexander said. 鈥淚t became clear that adding Ascension St. Vincent鈥檚 to UAB Health System鈥檚 network of owned hospitals 鈥� and combining and optimizing our collective strengths 鈥� is the solution to ensure that our community retains access to sustainable, high-quality healthcare. Among other benefits, patients will gain access to a larger network of local services through UAB.鈥�
鈥淓ven as our structure is changing, Ascension鈥檚 dedication to health equity and to serving the most vulnerable in 星空无限传媒 remains steadfast,鈥� added Alexander. 鈥淭he Ascension Foundation for Health Equity will continue its presence in the market and expand grantmaking beyond the transition period, investing in nonprofit organizations that accelerate positive change for generations of Alabamians.鈥�
At a time when hospitals are closing across the nation, UAB Health System has made it a priority to strengthen 星空无限传媒 hospitals, support care providers and increase community outreach and service through innovative partnerships that improve the state鈥檚 healthcare ecosystem.
鈥淥ur mission and vision to provide life-changing care and be the leader in improving the health and lives of all we serve aligns with the outstanding St. Vincent鈥檚 caregivers and associates who have served these communities for years,鈥� Bulgarella said. 鈥淲e look forward to supporting continued operations and providing opportunities for Ascension St. Vincent鈥檚 caregivers and associates to essentially remain in their current positions; our goal is to support fulfilling and meaningful careers in service to our patients and communities.鈥�
The transaction is expected to be completed in the fall of 2024, subject to standard regulatory approvals and pending satisfaction of closing conditions and approval by the Catholic Church. Until that time, UAB Health System and Ascension St. Vincent鈥檚 will continue normal operations while their teams collaborate to plan the transition.
Both entities are committed to working and communicating diligently with patients, employees, caregivers, associates and community partners.
鈥淯AB Health System and Ascension are committed to our patients and employees, caregivers and associates and will work collaboratively to ensure a smooth transition in the short term, and that we enhance the overall patient and employee experience in the long-term,鈥� Bulgarella said.
Ray Watts, M.D., who chairs the UAB Health System Board in addition to serving as UAB president, says UAB Health System is uniquely positioned to deliver on that commitment to sustain patient and employee success.
鈥淯AB Health System is recognized among the nation鈥檚 best for innovative, world-class, people-first care, as well as among the best places to work in healthcare,鈥� Watts said. 鈥淎s an 星空无限传媒-operated health system we love, understand and meet the needs of our local communities, and we deeply respect Ascension St. Vincent鈥檚 caregivers鈥� and associates鈥� similar community- and mission-focused commitment.鈥�
Bulgarella says Ascension St. Vincent鈥檚 central 星空无限传媒 operations also has a proud history on which UAB Health System plans to build with Ascension caregivers and associates.
鈥淪ince 1898, Ascension St. Vincent鈥檚 caregivers and associates have served our community well,鈥� Bulgarella said. 鈥淲e are excited to honor and continue their culture and legacy, and make sure they feel secure and appreciated in this transition. I look forward to integrating our talented, mission-focused teams as we work together toward continuity and positive results for those we serve.鈥�
During a special called meeting of the UA System Board of Trustees at which the membership interest purchase agreement passed with unanimous support, Bulgarella and UA System Interim Chancellor Sid J. Trant recommended the resolution for approval.
鈥淎s you all know, the 星空无限传媒 System and the UAB Health System exist to improve the lives of Alabamians and beyond,鈥� he said. 鈥淭his acquisition will go a long way to that end and will move the UA System toward fulfilling its vision of becoming the preeminent public system of higher education and health care in the United States.鈥�
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