Hartford, Conn.-based Saint Francis Care and St. Louis-based Ascension Health Care Network have signed a letter of intent for a potential integration of Saint Francis into Ascension in order to build a statewide healthcare delivery system.
Despite its for-profit, taxable status, Ascension Health Care Network is an affiliate of St. Louis-based Ascension Health Alliance, the largest Catholic health system in the United States. The terms of the letter of intent, including the future status of Saint Francis Care as a Catholic hospital, are confidential.
According to the report, both organizations will conduct due diligence and work toward a definitive agreement.
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Despite its for-profit, taxable status, Ascension Health Care Network is an affiliate of St. Louis-based Ascension Health Alliance, the largest Catholic health system in the United States. The terms of the letter of intent, including the future status of Saint Francis Care as a Catholic hospital, are confidential.
According to the report, both organizations will conduct due diligence and work toward a definitive agreement.
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