Dive Brief:
Ascension returned to profitability in its fiscal year 2025, a metric the nonprofit provider has been chasing since 2021, the system reported Wednesday.
The nonprofit health system recorded $917.7 million in net income for the year ended June 30, up from a $1.07 billion loss last year.
Ascension celebrated the results as evidence of its “operational discipline,” including improved labor productivity and tighter controls on spending. The system also said it has continued to recover from a massive cyberattack in 2024 that impacted about 5.6 million people .
Dive Insight:
Ascension operates a massive portfolio of 120 hospitals across 16 states and Washington, D.C.
The provider has recently focused on reshuffling its portfolio to focus on outpatient services, divestin