St. Louis-based Ascension and Hartford HealthCare signed a letter of intent for the acquisition in March 2018 and entered into a definitive agreement seven months later. Both organizations expect the transaction to close by Oct. 1.
“We are delighted that St. Vincent’s associates, physicians and volunteers will continue to provide safe, high-quality and accessible healthcare to individuals in Bridgeport and Fairfield County as part of Hartford HealthCare,” Craig Cordola, executive vice president and COO of Ascension, said in a press release.
St. Vincent’s comprises a 473-bed community hospital, a 76-bed inpatient psychiatric facility, a multispecialty provider group and special needs services for adults and children.
More articles on healthcare industry transactions:
Hospital M&A update: 6 latest deals
Shuttered Tennessee hospital sells for $200K
Kentucky health system acquires 13th hospital
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
