Dive Transient:
- Ascension CEO Joseph Impicciche will retire on the finish of the yr, the nonprofit well being system introduced Tuesday.
- The well being system’s board of administrators has appointed President Eduardo Conrado to succeed Impicciche, efficient Jan. 1, 2026.
- Ascension mentioned it has been getting ready for Impicciche’s departure for a while, including the chief will probably be “actively engaged” in Conrado’s transition.
Dive Perception:
Impicciche spearheaded efforts to broaden care entry on the Catholic well being system throughout his six-year tenure as CEO. Beneath his watch, the system grew to 94 hospitals, together with possession pursuits in 27 further amenities, senior residing amenities and a community of different care websites throughout 16 states.
Just lately, he sat on the helm of Ascension’s $3.9 billion acquisition of ambulatory surgical procedure supplier Amsurg, which can add greater than 250 ambulatory surgical procedure facilities to the well being system’s portfolio.
The chief additionally created the Ascension Basis, which helps fund take care of these residing in poverty in addition to different neighborhood profit packages. In fiscal yr 2024, the muse offered $2.1 billion in care, based on a press launch.
Impicciche additionally led Ascension via a sequence of challenges, together with the COVID-19 pandemic, a large cyberattack final yr and industry-wide headwinds, together with labor shortages and excessive inflation.
New CEO Conrado joined Ascension in 2018 and has served as president since 2023, based on the discharge.
As president, Conrado helped Ascension start to stabilize its funds, modernize infrastructure and rework its portfolio, Ascension mentioned. Conrado helped the system cut back its dependence on dear contract labor and broaden its ambulatory and pharmacy choices.
Moreover, the incoming CEO has led initiatives on digital instruments. He oversaw the introduction of the Ascension One app, for instance, which permits sufferers to handle care and pay their payments in a single place, based on the discharge.
Though the well being system has made progress towards monetary restoration, Ascension nonetheless posted a $101.2 million working loss for the third quarter of its 2025 fiscal yr, after a $1.1 billion internet loss in 2024. The well being system has continued to take care of the fallout of the cyberattack and, like a lot of its friends, has additionally struggled with funding returns partly on account of broader financial volatility.
