The deal would include St. Vincent's 473-bed community teaching hospital and a 76-bed inpatient psychiatric hospital, and would broaden Hartford HealthCare’s footprint in Fairfield County.
Hartford HealthCare has signed a nonbinding letter of intent to acquire Ascension's St. Vincent's Medical Center in Bridgeport, Connecticut, the two health systems announced jointly.
"Our goal, in coordination with the Board of St. Vincent's, has been to position St. Vincent's so its associates, physicians and volunteers can continue to provide safe, high-quality healthcare to the Bridgeport and Fairfield County community," said Ascension CEO Patricia A. Maryland.
"In our rapidly evolving healthcare environment, healthcare providers have a greater opportunity to successfully serve individuals and communities by working in clinically integrated systems of care. And Hartford HealthCare is Connecticut's most comprehensive healthcare network," Maryland said.
St. Vincent’s includes a 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.
If the transaction is completed, Hartford HealthCare would continue to operate St. Vincent's in compliance with Catholic traditions. The transaction would not include St. Vincent’s College.
Hartford HealthCare has more than 19,000 employees and includes acute-care hospitals, a behavioral health network, multispecialty physician groups, a regional home care system, an array of senior care services, a physical therapy and rehabilitation network, and an accountable care organization.
"Hartford HealthCare would be privileged to partner with the people of St. Vincent's who have done so much for their communities," Hartford HealthCare CEO Elliot Joseph said. "Together, we can provide even broader access to St. Vincent's excellent care to residents of Fairfield County."
John Commins is a content specialist and online news editor for HealthLeaders, a Simplify Compliance brand.