Ascension has sold dozens of facilities over the past few years to streamline its sprawling footprint, and now it may be turning into a buyer.
Ascension announced two deals this month that would expand its clout in two southern states. Last week, the health system said it formed a joint venture with startup PathPoint Health to open two Tennessee centers that would treat metabolic conditions such as diabetes and obesity, with additional sites planned. On Tuesday, Ascension said it would take full ownership of Cedar Park Regional Medical Center in Cedar Park, Texas, for $460 million.
Related: Ascension to buy CHS' stake in Texas hospital
The recent deals boost Ascension's presence in Tennessee, where it has 18 hospitals, and in Texas, where it has 13 hospitals.
In an interview last year, President Eduardo Conrado said the system's footprint was too big and constrained capital. By limiting the number of markets, it is able to invest more into ambulatory surgery centers and other outpatient facilities, Conrado said.
St. Louis-based Ascension has 105 wholly owned or consolidated hospitals and 34 senior living facilities across 16 states and Washington, D.C. The system reported net income of $276.9 million in the first six months of its fiscal year 2025, compared with a $238.1 million loss in the year-ago period, according to its most recent financial report.
Here's a look at Ascension's deals since fiscal year 2021, which ran from July 1, 2020, to June 30, 2021.
