Dive Transient:
- Ascension has entered a definitive settlement to purchase ambulatory surgical procedure supplier Amsurg, the nonprofit well being system stated Tuesday.
- The deal, which Ascension expects to shut later this 12 months pending regulatory approval, will add greater than 250 ambulatory surgical procedure facilities throughout 34 states to Ascension’s outpatient portfolio.
- A spokesperson for the well being system declined to touch upon the scale of the deal. Nonetheless, sources informed Bloomberg that Ascension was paying $3.9 billion for the supplier.
Dive Perception:
Ascension has been steadily working to rightsize its portfolio, turning away from investments in inpatient amenities and towards outpatient care. The St. Louis-based well being system has divested dozens of hospitals in recent times, together with amenities in Illinois, Michigan and New York.
By buying Amsurg, Ascension is aiming to get broader entry to a rising outpatient market and assist meet affected person demand for handy and community-based care, in response to Ascension President Eduardo Conrado.
“The shift from inpatient to outpatient care is accelerating nationwide. By investing in AMSURG’s robust ASC community, we’re proactively responding to this transformation,” Conrado stated in a press release.
Nonetheless, Ascension’s present portfolio stays hospital-heavy and contains 94 wholly owned hospitals. It additionally has possession stakes in 27 further hospitals.
Ascension is chasing a monetary turnaround by way of its strategic reshuffling. The well being system posted a $1.1 billion internet loss in 2024, partly as a result of fallout from a cyberattack final summer season. Ascension most not too long ago reported a $101.2 million working loss for the third quarter of its 2025 fiscal 12 months, in contrast with a $82.6 million loss within the prior 12 months interval.
Amsurg was beforehand owned by doctor staffing agency Envision Healthcare however was cut up off from the corporate throughout Envision’s chapter restructuring in 2023.
Since parting methods with Ascension, Amsurg — one of many largest ASCs by income — has targeted on increasing its footprint.
In July 2024, the corporate acquired an possession curiosity in Oregon-based River Street Surgical procedure Middle, and in the beginning of this 12 months acquired an possession curiosity in Texarkana Surgical procedure Middle in Northeast Texas.
