Each system will retain the hospitals they originally contributed to the partnership. In October that year, Ascension and AdventHealth announced the planned dissolution of their joint venture AMITA Health in 2022. Officials with the company have said they hope to reduce hospitalizations by improving at-home prescription management through the hub. The hub fills 5,000 prescriptions per shift and houses a "patient engagement center" designed to offer patients assistance with understanding their medication. In 2021, Ascension opened a pharmacy hub in Austin, Texas. city council specifically passed an ordinance to give the city the power to block the closing, the suit was ultimately withdrawn by the Attorney General after reviewing plans for the hospital's closure. In December 2018, the Attorney General of the District of Columbia brought suit against Ascension in an attempt to prevent the closure of the Providence Health System hospital, which served a low-income population but was financially unviable. The move was made in response to decreased government reimbursements, reduced profit margins, and higher costs of care. Īscension announced plans to make changes to its business model in 2018, shifting away from a hospital-oriented business to one prioritizing outpatient care and telemedicine. In 2014, the company partnered in opening the $2 billion Health City Cayman Islands project, and sold its stake in 2017. In the process, the company brought its subsidiaries under a national umbrella and renamed all its hospitals to include the Ascension name, which the company hope would improve clients' understanding of the system. In 2012, the company underwent a restructuring and rebranding, dropping the "Health" moniker and going forward as Ascension. Joseph Health System merged to create Ascension Health. In 1999, the Daughters of Charity National Health System and Sisters of St. In addition to health and senior care facilities, Ascension also operates a for-profit venture capital subsidiary called Ascension Ventures, which invests in medical startups. The company is led by president and CEO Joseph R. Ascension had an operating revenue of $27.2 billion at the end of fiscal year 2021. It employs more than 142,000 people as of 2021. It operates more than 2,600 health care sites in 19 states and Washington, D.C., including 142 hospitals and 40 senior living facilities. īy the end of 2021, Ascension had 142,000 employees and 142 hospitals and 40 senior living facilities across the United States.Īscension is the largest nonprofit and Catholic health system in the United States as of 2021. Ascension also runs a pharmacy system as well as delivery under AscensionRX. It was founded as a nonprofit Catholic healthcare network in 1999. Ascension is one of the largest private healthcare systems in the United States, ranking second in the United States by number of hospitals as of 2019.
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