St. Vincent’s, Hartford deal moving forward
The acquisition of St. Vincent’s Medical Center in Bridgeport by Hartford HealthCare is moving forward, as the two organizations announced Monday that St. Vincent’s has signed a definitive agreement for Hartford HealthCare to acquire St. Vincent’s assets and related operations.
The transaction still needs governmental approval.
Currently, St. Vincent’s is part of Ascension, the nation’s largest non-profit health system. The hospital is one of two Bridgeport health care facilities moving forward with a major re-organization, as last week it was announced that Bridgeport Hospital was proceeding with plans to acquire Milford Hospital.
“As we look forward to receiving all necessary approvals and finalizing the transaction, our caregivers, physicians and volunteers are focused on continuing to deliver safe, compassionate, personalized care to those in our community we are privileged to serve,” said Dawn Rudolph, President and CEO of St. Vincent’s in a news release.
St. Vincent’s, with more than 3,200 associates, includes a licensed 473-bed community teaching hospital, a 76-bed inpatient psychiatric facility in Westport, a large multispecialty provider group, and St. Vincent’s Special Needs Services.
Hartford HealthCare, a fully integrated health system with more than 19,000 employees, currently includes six acute-care hospitals, the state’s most extensive behavioral health network, a large multispecialty physician group, a regional home care system, an array of senior care services, a physical therapy and rehabilitation network, and an accountable care organization. St. Vincent’s would be HHC’s second-largest hospital, after 867-bed Hartford Hospital.
“We are delighted to have reached an agreement whereby St. Vincent’s associates, physicians and volunteers will continue to provide safe, high-quality, and accessible healthcare to the Bridgeport and Fairfield County communities,” said Patricia A. Maryland, Dr.PH, Executive Vice President of Ascension and President and Chief Executive Officer of Ascension Healthcare in the release.
Hartford’s plans to acquire St. Vincent’s were first announced in spring, but there had been talk of a shift in the hospital’s management for a while. Roughly a year ago, reports surfaced that St. Vincent’s had notified its staff of a possible merger or sale, but hospital officials quickly dimissed those rumors.