Hartford HealthCare’s St. Vincent’s acquisition takes next step

Photo | Wikimedia Commons St. Vincent's Medical Center in Bridgeport reported a nearly 2,800% increase in facility fees for 2019, but had the ninth highest overall fee total among Connecticut hospitals, according to the Office of Health Strategy.

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By Joe Cooper

Hartford HealthCare says it has taken the next step in acquiring St. Vincent’s Medical Center in Bridgeport after reaching a definitive agreement Monday.

HHC had signed a nonbinding letter of intent in March, agreeing to acquire St. Vincent’s Medical Center and its subsidiaries, which includes over 3,200 employees, a 473-bed community teaching hospital and a 76-bed inpatient psychiatric facility in Westport.

Terms of the deal have not been disclosed, but will likely be released during the state approval process.

Monday’s announcement comes a few days after Yale New Haven Health announced plans to acquire Milford Hospital.

Under the deal, HHC will continue operating St. Vincent’s as a Catholic institution and the system would not acquire St. Vincent’s College and certain other assets.

St. Vincent’s would become HHC’s seventh hospital and its second largest after 867-bed Hartford Hospital.

HHC currently has over 19,000 employees, a behavioral health network, a homecare system and a multispecialty physician group, among other assets.