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November 27, 2015 8:05 AM ET

Healthcare Providers and Services

Company Overview of Ascension Health, Inc.

Company Overview

Ascension Health, Inc. operates healthcare facilities that provides healthcare services in the United States. Ascension Health, Inc. was formerly known as Daughters of Charity National Health System, Inc. and changed its name to Ascension Health, Inc. in November 1999. The company was founded in 1986 and is based in St. Louis, Missouri with hospitals and facilities in the United States and the District of Columbia.

4600 Edmundson Road

St. Louis, MO 63134

United States

Founded in 1986





Key Executives for Ascension Health, Inc.

Chief Executive Officer, President and Executive Vice President of Ascension Health Alliance
Managing Partner of Transformational Development and Vice President of Research
Chief Financial Officer and Senior Vice President
Chief Operating Officer and President of Healthcare Operations
Chief Information Officer, Senior Vice President and Chief Executive Officer of Ascension Information Services (AIS)
Compensation as of Fiscal Year 2015.

Ascension Health, Inc. Key Developments

Ascension Health Reports Earnings Results for the Quarter Ended September 30, 2015

Ascension Health reported earnings results for the quarter ended September 30, 2015. For the quarter, the company reported operating revenue of $5.2 billion, up 1.6% from the prior-year quarter as changes from the Affordable Care Act helped drive up patient visits. Income from operations was $112.6 million down 5.3% from the $118.8 million in the prior-year quarter. An investment loss of $741.5 million for the quarter resulted net loss of $682 million, as opposed to a loss of $104 million in the same time period last year.

Ascension Health Reports Earnings Results for the Fiscal 2015

Ascension Health reported earnings results for the fiscal 2015. For the period, net income decrease 69% compared with the prior year, to $638 million, even as revenue rose from $19.9 billion to $20.5 billion.

Tenet Healthcare Corporation, Dignity Health and Ascension Form Joint Venture to Own and Operate Carondelet Health Network in Arizona

Tenet Healthcare Corporation, Dignity Health and Ascension have finalized a joint venture to own and operate Carondelet Health Network based in Tucson, Arizona. Tenet is the majority partner in the new joint venture and will manage the operations of the network’s three hospitals, two physician groups, outpatient and ambulatory services, as well as other affiliated businesses in Tucson and Nogales, Arizona. Dignity Health and Ascension have minority interests in the partnership. The facilities in the new partnership include St. Joseph’s Hospital (486 beds) in Tucson, St. Mary’s Hospital (400 beds) in Tucson, Holy Cross Hospital (25 beds) in Nogales, Carondelet Heart & Vascular Institute at St. Mary’s Hospital, Carondelet Neurological Institute at St. Joseph’s Hospital, Carondelet Medical Group, Carondelet Specialist Group. Carondelet’s services also include imaging centers and other ambulatory services and ancillary businesses. The joint venture will maintain Carondelet’s Roman Catholic heritage and identity through an agreement with the Diocese of Tucson. Additionally, Carondelet’s existing charity care policies will remain in place.

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