Ascension – one of the largest nonprofit health systems in the U.S. – is buying AMSURG.
News of the St. Louis-based health system’s interest in AMSURG surfaced earlier this month, when Bloomberg reported Ascension was in “advanced talks” to acquire the ambulatory surgery center (ASC) giant in a $3.9 billion deal. Ascension announced it had an acquisition agreement in place on June 17, though its announcement did not provide financial terms for the deal.
Ascension described the move as a “strategic and mission-aligned acquisition” that marks a milestone in “Ascension’s journey to transform health care delivery.”
“This acquisition is deeply aligned with Ascension’s Mission to provide compassionate, personalized care to all, especially those most in need,” Joe Impicciche, CEO of Ascension, said in a statement. “It reflects our steadfast commitment to expanding access to care in a way that is more affordable, more local, and more centered around the dignity and well-being of those we serve.”
Once finalized, the deal for AMSURG would add 250 ASCs across 34 states to Ascension’s network.
Adding AMSURG’s centers will “significantly” expand Ascension’s ability to deliver care in community-based settings, according to Ascension.
“This acquisition represents an exciting next chapter for AMSURG,” AMSURG CEO Jeff Snodgrass said in a statement. “Our partnership with Ascension builds on a shared commitment to clinical excellence, compassionate care and local physician leadership.”
Moving forward under Ascension, AMSURG will keep its model of physician-led joint ventures and maintain its current governance structure.
“By joining one of the nation’s most respected health systems, we are strengthening our ability to serve patients and communities, while continuing to elevate the outpatient surgical experience across the country,” Snodgrass continued.
This is a developing story. Please check back later for updates.
