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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