U of South Alabama reportedly in talks to buy Ascension hospital

Mobile, Ala.-based University of South Alabama Health is reportedly planning to acquire Ascension Providence Hospital, according to an April 17 report from NBC affiliate WPMI.

Advertisement

The hospital, also located in Mobile, is currently operated by St. Louis-based Ascension, a 139-hospital system.

No official announcement about the purchase has been made, but sources told the news station the university would provide more information April 18. A special meeting is called for April 18 to “consider a strategic transaction,” the report continued.

Neither USA Health nor Ascension responded to requests for comment by the time of publication.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Transactions & Valuation Issues

  • Atlanta-based Grady Health System will reduce temporary block pay — extra pay tied to working a set block of shifts…

  • After a brief post-pandemic lull, hospital consolidation is accelerating again, with large health systems expanding across state lines, absorbing independent…

Advertisement

Comments are closed.