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.
