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Ascension to sell Connecticut hospital to Hartford HealthCare

St. Louis-based Ascension signed a nonbinding letter of intent to transfer ownership of one of its Connecticut-based assets to Hartford (Conn.) HealthCare, Ascension announced March 27.

Under the letter of intent, Ascension will transfer ownership of Bridgeport, Conn.-based St. Vincent's Medical Center and its related operations to the six-hospital system Hartford HealthCare. The transaction does not include the transfer of Bridgeport-based St. Vincent's College or other mutually agreed upon assets.

If the deal is successful, Hartford HealthCare will continue to operate St. Vincent's as a Catholic institution.

The transaction is subject to due diligence and necessary regulatory approvals.

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