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Ascension has reported its financial results for the first quarter of fiscal year 2026, ending September 30, 2025. The organization posted a net income of $338 million and an operating loss of $88 million, which is an improvement from the $221 million operating loss in the same period last year.
The recurring operating EBIDA reached $207 million, with a margin of 3.4% for the quarter. Days cash on hand increased to 235, up from 228 at the end of fiscal year 2025.
Patient volumes rose between 1.5% and 2.5% across acute care facilities compared to the previous year’s first quarter. This growth was supported by investments in ambulatory services and community-based care. The average length of stay improved by 2.1%, reflecting more efficient patient care while maintaining quality outcomes.
Eduardo Conrado, President of Ascension, stated: “Our first quarter results show the strength that comes from focusing on our strategy and staying true to our Mission. We are managing resources with discipline, investing where it matters most, and supporting the teams who care for our patients and communities. When strategy, Mission, investment, and talent come together, we build lasting momentum that strengthens our ministry and allows us to serve more people with compassion and excellence.”
A leadership transition was announced in June 2025 as Joseph Impicciche prepares to retire as Chief Executive Officer at year-end after over two decades with Ascension. Eduardo Conrado will become CEO effective January 1, 2026.
In the first three months of FY26, Ascension provided $755 million in community benefit programs—$311 million directed toward care for individuals living in poverty or other community initiatives and $443 million covering unreimbursed Medicare support.
Forty-one Ascension hospitals received recognition through the Centers for Medicare & Medicaid Services (CMS) Overall Hospital Quality Star Ratings for excellence in patient safety and clinical outcomes. The Ascension Foundation’s #GOALS Program also earned national attention from the Lucy Family Institute for Data and Society for its work inspiring future clinicians through science education.
Facility expansions continued across several states:
- In Tennessee: A new Heart Center opened at Rutherford; construction began on a rehabilitation hospital in Clarksville; a comprehensive women’s cancer center opened in Nashville.
- In Indiana: St. Vincent received a five-star CMS rating for its Heart Center; opened a Milk Express Depot; became the state’s first hospital verified by the American Burn Association to treat both adult and pediatric burn patients at one location.
- In Florida: Sacred Heart Pensacola achieved Level IV Maternal Levels of Care accreditation—the only hospital in its region with this distinction—and expanded access to medications via Dispensary of Hope.
- In Kansas: Via Christi clinicians held monthly Virtuity Cares Pop-Up Clinics providing free medical care to underserved residents.
Saurabh Tripathi, Executive Vice President and Chief Financial Officer of Ascension said: “We are continuing to see the results of a steady and disciplined approach to improving operating performance. By managing our resources wisely and investing them in the areas that matter the most, we are strengthening our ability to serve patients and communities. Every financial improvement is another opportunity to advance our Mission and extend our compassionate care - especially to those who need it the most.”
Ascension plans ongoing investments in ambulatory growth, specialty services, digital modernization, associate reinvestment, and deeper community engagement as it continues through FY26.
