Ascension invests over $530M into Tennessee

Dive Transient:

• Ascension St. Thomas is investing greater than $537 million in varied tasks throughout the center of Tennessee, the Nashville-based well being system introduced final week.
• The investments will assist new amenities, expertise upgrades and expanded inpatient capability in Tennessee’s Davidson, Rutherford and Montgomery counties.
• Ascension St. Thomas says the investments will cut back journey time for sufferers within the area by increasing care entry and can assist extra superior therapy choices, together with superior diagnostics.

Dive Perception:

A few of the tasks embrace embrace modernization and growth efforts at hospitals in Davidson County, together with these at emergency departments, inpatient and surgical items. Ascension will funnel “main investments” into Rutherford County at its essential campus, St. Thomas Rutherford Hospital. 

Ascension’s investments in Montgomery, which have been beforehand introduced, embrace $148.5 million to assist a brand new hospital in Clarksville. 

The brand new tasks will probably be funded by tax-exempt bonds with state and native companions, Ascension St. Thomas stated in a information launch.

The regional nonprofit well being system, which is owned by Catholic nonprofit well being system Ascension, has been investing closely in center Tennessee as inhabitants booms drive elevated demand for providers.

In July, the well being system introduced it will make investments $10 million to replace the emergency division at Ascension St. Thomas Hospital West. The well being system additionally acquired state approval to construct two amenities — a rehabilitation and an inpatient hospital — in partnership with LifePoint Well being in March. 

Ascension as a complete spent $780.2 million on development of capital tasks throughout its first quarter of its 2026 fiscal yr, ended Sept. 30.