St. Louis-based Ascension continues to offload hospitals and ASCs in a bid to reorganize its portfolio and improve fiscal performance.
Here are four notes on Ascension’s recent asset sales:
1. Ascension’s recent sale of four hospitals in southwest Michigan to South Bend, Ind.-based Beacon Health System represents a complete exit from the state.
2. The sale also includes 35 outpatient clinics and an ASC from Ascension Michigan, a division of Ascension Health. Beacon will gain more than 2,700 associates from the acquisition, including 261 providers.
3. In March, Ascension entered an asset purchase agreement with Ontario, Calif.-based Prime Healthcare to sell eight hospitals, two ASCs, four senior living and post-acute facilities, as well as several physician practices, in Illinois.
4. Ascension St. Elizabeth in Chicago, which closed in mid-February, was included in the transaction. Prime said it plans to collaborate with the city and the community to determine the hospital’s future.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
