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Ascension has announced its financial results for the third quarter of fiscal year 2025, ending March 31. The organization reported a net income of $195 million, with significant operational improvements aimed at enhancing community health and service efficiency.
For the first nine months of FY25, Ascension recorded a recurring operating loss of $381 million. However, the third quarter saw an improvement with a recurring operating loss of $68 million, marking a $1.4 billion enhancement from the previous fiscal quarter. The total operating loss for this period was $466 million, including $85 million in one-time non-cash write-downs and other non-recurring losses.
The organization's recurring operating EBIDA reached $566 million for the first nine months, reflecting an EBIDA margin of 2.9%. Additionally, days cash on hand increased to 218 days.
Ascension's focus on its Mission and clinical excellence has led to improved patient care outcomes. Acute care facilities experienced a 6-7% increase in same-facility daily volumes since Q4 FY24 due to strategic investments in ambulatory expansion and service line growth. There was also a noted improvement in same-facility length of stay by 1.6%.
Eduardo Conrado, President of Ascension, stated: “We continue to deliver strong results by staying focused on our Mission and the communities we serve.” He highlighted improvements in recurring operating performance by $1.4 billion since Q4 FY24 alongside increases in patient volumes and revenue.
Ascension is actively addressing health disparities through targeted initiatives such as providing over $1.2 billion in care for persons living in poverty during the first nine months of FY25. Notable projects include Ascension Seton Medical Center’s Compassion Closet in Texas and Ascension St. Vincent Anderson’s patient shuttle service in Indiana.
Expansion efforts include new facilities like the Women and Infants Hospital at Ascension St. Vincent in Indianapolis which opened earlier this year offering specialized maternal care services, as well as partnerships such as Dispensary of Hope providing free medications to low-income individuals.
In April 2025, Ascension expanded its portfolio by acquiring Cedar Park Regional Medical Center in Texas to enhance clinical offerings around Austin.
Nurse retention rates have improved significantly to 88.3%, reflecting successful workplace initiatives aimed at reducing turnover and agency staffing reliance while fostering career growth opportunities.
Saurabh Tripathi, Executive Vice President and Chief Financial Officer at Ascension remarked: “The $566 million in recurring operating EBIDA and +2.9% margin through Q3 FY25 reflect targeted efforts to strengthen operating performance across our system.”
Looking forward, Ascension remains committed to expanding access to healthcare services while maintaining financial discipline aligned with its mission-driven growth strategy.
