UAB Health System: Difference between revisions

From Bhamwiki
Jump to navigation Jump to search
No edit summary
No edit summary
 
(No difference)

Latest revision as of 11:05, 9 July 2024

The UAB Health System (UABHS) is a partnership between UAB and the University of Alabama Health Services Foundation (UAHSF), a private nonprofit medical practice made up of the faculty of the UAB School of Medicine. UABHS is governed by a board of directors which has representatives of UAHSF, the University of Alabama Board of Trustees, and UAB administrators. The UAB president is the ex officio chairperson of the UAB Health System. The CEO of the UABHS reports directly to the UAB Health System board and is appointed by the chairman of the board.

In 2024 UAB Health System reached an agreement to purchase the Ascension St Vincent's Health System for $450 million. The acquisition is subject to approval by the Vatican and by US regulators.

UAB Health System components

Former UAB Health System components

Chief executives

History

  • October 1, 1996: UAB Health System, a nonprofit entity, established in a joint operating agreement between The University of Alabama Board of Trustees and the University of Alabama Health Services Foundation.
  • July 1, 1997: The independent Eye Foundation Hospital was acquired by the UAB Health System and renamed the Eye Foundation Hospital at UAB.
  • 2001: The UAB Health System and the Children's Health System announced the approval of a joint operating agreement that covered all pediatric and inpatient women's services and created the nonprofit entity, CWH.
  • August 1, 2005: The UAB Health System took over management of the Healthsouth Medical Center while a $33 million sale of the center in Birmingham’s Southside remained pending. The center campus included the main hospital complex, two professional office buildings, parking for over 1,400 cars, and several outlying structures.
  • July 1, 2020: The University of Alabama Board of Trustees approved the creation of the UAB Health System Authority. Will Ferniany became the first CEO of the new authority. He was also named as the CEO of the new UAB Health System/Ascension St. Vincent's alliance.
  • June 25, 2024: The University of Alabama Board of Trustees approved the purchase of the Ascension St Vincent's Health System.

References

  • Leech, Marie (June 25, 2024) "UAB to acquire Ascension St. Vincent's Health System." Birmingham Business Journal
  • Morris, Williesha (July 3, 2024) "UAB merger with St. Vincent’s ‘a devastating loss for our Catholic community,’ bishop says." AL.com
  • Harwell, Harper (July 8, 2024) "What UAB's acquisition of Ascension means for employees, patients and the overall health care landscape." Birmingham Business Journal

External Links