UAB signs agreement to acquire Ascension Alabama

UAB signs agreement to acquire Ascension Alabama

Updated: 2:00 PM CDT Aug 2, 2024

SHERRI. ALL RIGHT JASON. WELL UAB HEALTH SYSTEM BRANCHING OUT ACQUIRING ASCENSION SAINT VINCENT’S IF APPROVED THAT WOULD INCLUDE HOSPITALS IN BIRMINGHAM PELL CITY ONEONTA AND CLANTON NOT TO MENTION OTHER FACILITIES AND CLINICS. WE HAVE LIVE TEAM COVERAGE FOR YOU TONIGHT. AND FIRST WE WANT TO GET OUT TO WVTM 13. LISA CRANE WITH THE BIG ANNOUNCEMENT. YEAH, THIS IS A HUGE MOVE BY UAB HEALTH SYSTEMS, WHICH WAS ALREADY THE LARGEST IN THE STATE. AND ONCE THIS DEAL GOES THROUGH, IT WILL MAKE UAB’S MEDICAL FOOTPRINT EVEN LARGER. NOW UNDER THE DEAL ANNOUNCED TODAY UNDER THAT AGREEMENT APPROVED TODAY, UAB WILL TAKE OVER THE FIVE SAINT VINCENT’S HOSPITALS AS WELL AS THE 119 CAMPUS. THE TRUSSVILLE FREESTANDING EMERGENCY DEPARTMENT AND OTHER ASCENSION IMAGING CENTERS AND CLINICS. UAB LEADERS SAY THEY’LL PAY ASCENSION $450 MILLION FOR ALL OF THOSE SAINT VINCENT PROPERTIES. THE UAB HEALTH SYSTEM BOARD VOTED TO APPROVE THE PURCHASE AT A SPECIAL CALL BOARD MEETING THIS MORNING. THIS WILL BE A SUBSTANTIAL INVESTMENT, BUT THE RIGOROUS VETTING CLEARLY DEMONSTRATES THAT THIS IS AN APPROPRIATE INVESTMENT TO MAKE IN BOTH THE UAB AND SAINT VINCENT’S TEAMS AND AND THE PEOPLE AND COMMUNITIES WE COLLECTIVELY SERVE NOW, UAB LEADERS SAY ASCENSION LEADERS ACTUALLY GOT IN TOUCH WITH THEM AND APPROACHED THEM ABOUT THIS PROPOSAL. AT THE END OF LAST YEAR, AND THEY SPENT THE LAST SIX PLUS PLUS MONTHS DOING THAT DUE DILIGENCE WVTM 13 MAGDALA LOUISSAINT IS ALSO LIVE HERE AT SAINT VINCENT’S. NOT TOO FAR FROM HERE IN MAGDALA. I BET MANY PATIENTS RIGHT NOW ARE WONDERING HOW THIS MIGHT IMPACT THEM. YES, LISA, SOME OF THOSE PATIENTS WHO TELL US THEY HAVE DOCTORS AT SAINT VINCENT’S CALLED OUR NEWSROOM TODAY CONCERNED ABOUT HOW THIS TAKEOVER IS GOING TO IMPACT THEIR CARE. TODAY, UAB SAYS IT SHOULDN’T. SAINT VINCENT PATIENTS NOW VISITING THE ASCENSION TRUSSVILLE FREESTANDING EMERGENCY DEPARTMENT WILL FALL UNDER THE UAB HOSPITAL SYSTEM UMBRELLA COME FALL. THANK YOU FOR PUTTING YOUR TRUST IN THESE GREAT ORGANIZATIONS AND ALLOWING US TO SERVE YOU. TUESDAY, UAB’S BOARD OF TRUSTEES VOTED TO TAKE OWNERSHIP OF ASCENSION CARE SITES. THIS INCLUDES HOSPITALS IN BIRMINGHAM, BLOUNT, CHILTON, AND SAINT CLAIR COUNTIES. ASCENSION IMAGING CENTERS AND CLINICS WILL BE MANAGED BY UAB TWO. THE CEO OF THE UAB AND ASCENSION SAINT VINCENT’S ALLIANCE, WHICH WAS CREATED IN 2020, SAYS SAINT VINCENT’S PATIENTS CAN STAY WITH THE PROVIDERS THEY’VE BUILT TRUST WITH. TODAY’S NEWS WILL NOT DISRUPT YOUR CARE ON THE CONTRARY, I HOPE IT DEMONSTRATES TO US PATIENTS THAT WE ARE WILLING TO DO THE DIFFICULT AND INNOVATIVE THINGS TO MAKE SURE YOU MAINTAIN ACCESS TO WORLD CLASS CARE. HOSPITAL OFFICIALS SAY THOSE WHO WORK FOR ASCENSION, THEIR JOBS WOULD NOT BE THREATENED BY THIS MAJOR CHANGE. MOST, IF NOT ALL, OF THE ROUGHLY 5000 CAREGIVERS AND ASSOCIATES WILL REMAIN IN THEIR ROLES. EMPLOYEE COMPENSATION AND BENEFITS ARE ANTICIPATED TO BE COMPARABLE TO THOSE CURRENTLY PROVIDED. I ASKED UAB, HOW DOES THIS CHANGE IMPACT PEOPLE WITH INSURANCE NOT COVERED UNDER THE UAB HEALTH SYSTEM? I’M TOLD PATIENTS SHOULD DISCUSS INSURANCE OPTIONS WITH THEIR PROVIDER OVER TIME. WE WOULD HOPE TO CONTINUE TO STREAMLINE ACCESS FOR ALL PATIENTS ACROSS FACILITIES. A UAB ALSO TELLING US TODAY THAT THE MEDICAL STAFF’S BYLAWS WILL REMAIN THE SAME. UAB ALSO WANTS TO MAKE FINANCIAL INVESTMENTS INTO ASCENSION CLINICS AND ITS INFRASTRUCTURE, AND THEY HAVE PLANS TO CREATE A COAL MODEL, REMODEL AND AS FAR AS WHAT THAT LOOKS LIKE AT THIS MOMENT, WE’RE TOLD WE’LL FIND OUT IN THE COMING MONTHS. WE’RE LIVE IN BIRMINGHAM. I’M MAGDALA LOUISSAINT BACK TO YOU, LISA. ALL RIGHT. MAGDALA, THANK YOU. NOW THE TRANSACTION IS EXPECTED TO BE FINALIZED THIS FALL, BUT IT MUST FIRST BE APPROVED BY STATE REGULATORY AGENCIES AND THE CATHOLIC CHURCH. WE’LL KEEP YOU POSTED ON THAT. LIVE IN BIRMINGHAM, LISA CRANE WVTM 13. MAKE SURE THAT YOU HAVE THE WVTM 13 APP FOR DEVELOPMENTS IN THE ACQUISITION. IT WIL

UAB signs agreement to acquire Ascension Alabama

Updated: 2:00 PM CDT Aug 2, 2024

Video above: UAB to take over Ascension St. Vincent’s Health SystemThe chief operating officer of Ascension Medical Group announced that the University of Alabama at Birmingham Health System signed an agreement to acquire ownership of Ascension Alabama in an email sent to patients Friday.”Together, we anticipate few, if any, significant changes to the care and the experience of our patients,” COO Summer Tappan said in the email.Tappan also stated, “Our organizations are working closely to ensure no disruption for you during this transition.”The takeover was announced earlier this summer. >> PREVIOUS COVERAGE: UAB to take over Ascension St. Vincent’s Health SystemUAB will take ownership of the care sites. These include:hospitals in Birmingham, Blount County, Chilton County and two in St. Clair County.the One Nineteen campus.the Trussville Freestanding Emergency Department.imaging centers.other clinics.The transaction also includes current Ascension St. Vincent’s:servicesfacilitiescaregivers and associatesproviders UAB has 17 owned or affiliated hospitals in Alabama. UAB is expected to pay $450,000,000 for Ascension’s interest in St. Vincent’s, after which the UAB Health System Authority will become the sole corporate member of St. Vincent’s Health System, according to a resolution document.This transaction is expected to be finalized and completed by the fall of 2024, pending approval by the Catholic Church. Until then, both health systems will continue normal operations.>> FOLLOW US ON SOCIAL: Facebook | Twitter | Instagram | YouTube

BIRMINGHAM, Ala. —

Video above: UAB to take over Ascension St. Vincent’s Health System

The chief operating officer of Ascension Medical Group announced that the University of Alabama at Birmingham Health System signed an agreement to acquire ownership of Ascension Alabama in an email sent to patients Friday.

“Together, we anticipate few, if any, significant changes to the care and the experience of our patients,” COO Summer Tappan said in the email.

Tappan also stated, “Our organizations are working closely to ensure no disruption for you during this transition.”

The takeover was announced earlier this summer.

>> PREVIOUS COVERAGE: UAB to take over Ascension St. Vincent’s Health System

UAB will take ownership of the care sites. These include:

• hospitals in Birmingham, Blount County, Chilton County and two in St. Clair County.
• the One Nineteen campus.
• the Trussville Freestanding Emergency Department.
• imaging centers.
• other clinics.

The transaction also includes current Ascension St. Vincent’s:

• services
• facilities
• caregivers and associates
• providers

UAB has 17 owned or affiliated hospitals in Alabama.

UAB is expected to pay $450,000,000 for Ascension’s interest in St. Vincent’s, after which the UAB Health System Authority will become the sole corporate member of St. Vincent’s Health System, according to a resolution document.

This transaction is expected to be finalized and completed by the fall of 2024, pending approval by the Catholic Church. Until then, both health systems will continue normal operations.

>> FOLLOW US ON SOCIAL: Facebook | Twitter | Instagram | YouTube