Transfer of ownership of St. Vincent’s Healthcare Group
15th May 2020
The Board of St. Vincent’s Healthcare Group would like to express sincere thanks to the Religious Sisters of Charity following the announcement regarding the transfer of ownership of St. Vincent’s Healthcare Group and for their exceptionally generous legacy to the Irish people.
As indicated in their statement the ownership of St. Vincent’s Healthcare Group will be transferred to a new entity called St. Vincent’s Holdings CLG which will continue to be a “not for profit” organisation. In the event of the new St. Vincent’s Holdings CLG going into liquidation, its surplus assets will be vested with the Charity Regulator and used for future healthcare purposes to benefit the people of Ireland.
In May 2017, the Religious Sisters of Charity announced their departure from St. Vincent’s Healthcare Group and its Board. Today, marks a final step towards completion of all legal, financial and regulatory matters involved in the transfer of the Sisters’ 186-year involvement in the hospital.
The Chair of St. Vincent’s Healthcare Group, Mr. James Menton, said: “This is a significant milestone and another indication of the Religious Sisters of Charity wonderful legacy to Irish healthcare. The Sisters have always held the highest ambitions for the provision of world class healthcare services in Ireland and have successfully achieved and sustained this. They have always seen the need for the proposed development of the new National Maternity Hospital integrated within the Elm Park campus and this announcement should ensure this vital facility for mothers and babies is developed as quickly as possible.
“The Board, management and 4,000 staff of St. Vincent’s Healthcare Group are also absolutely committed to upholding the vision and values of Mary Aikenhead – namely human dignity, compassion, justice, quality and advocacy -which result in the best possible outcomes for our patients and their families”, he added.
Download our information sheet on St. Vincent’s Holdings CLG and National Maternity Hospital at Elm Park DAC
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