St. Vincent jobs uncertain ahead of sale in Indianapolis

Healthcare workers at St. Vincent Indianapolis face job uncertainty as the system plans to buy out the minority owner of its microhospitals, the Indianapolis Business Journal reports.

St. Vincent is the majority owner of five "neighborhood" hospitals offering patients inpatient and emergency care services. The system reportedly has signed a letter of intent to buy out the hospitals from Houston-based Tandem Hospital Partners, the minority owner. The transaction is expected to close Feb. 1.

St. Vincent asked employees of the neighborhood hospitals who want to stay employed there to submit information to St. Vincent, according to the Journal.

"During the next 30 days, we will review the organizational structure, and this may or may not have implications to the initial job that you are hired into with St. Vincent," a Jan. 18 memo said. "Many of the functions at the neighborhood hospitals will continue to be needed, however we anticipate that some functions/positions will be supported by existing St. Vincent resources."

A St. Vincent spokesperson did not disclose the potential number of jobs affected to the Journal.

Tandem did not return the Journal's requests for comment.

St. Vincent Indianapolis is a subsidiary of St. Louis-based Ascension. Its Indiana neighborhood hospitals are in Indianapolis, Avon, Anderson and Plainfield. 

 

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