Frequently Asked Questions
How did the acquisition come about?
St. Louis-based Ascension made the strategic decision to exit the Mobile marketplace and sought an acquirer for Providence Hospital and its facilities.
In April of 2022, Corporate Ascension contacted the University of South Alabama to acquire Providence Health System. Their decision was based on like missions and culture gained from leadership meetings over the past six years. Mutual trust between Corporate Ascension and the University of South Alabama will leave Providence Health System, the community, region, employees, patients, physicians, providers and supporters in the best possible hands.
How does this impact our community?
A dynamic, locally controlled healthcare system has a significant economic impact in the community and the upper Gulf Coast region. The acquisition will create jobs and opportunities for more people across a wide spectrum to bolster Mobile and the surrounding area. It also gives Providence Health System the benefit of being based locally and fortifies our commitment to the community.
When will the acquisition be finalized?
USA Health is working on a timeline to close the transaction in the fall of 2023. Until that time, Providence Health System will still be under the direction of Ascension.
How much is USA Health paying to acquire Providence Health System?
The University of South Alabama is acquiring Providence Health System for $85 million.
What will Providence Hospital be called?
The name will be USA Health Providence Hospital.