A matter of financial faith. Roman Catholic megasystem Ascension inks merger deal with smaller not-for-profit seeking to preserve its charitable mission.
Roman Catholic giant Ascension Health is showing that not only investor-owned chains can offer a financial sanctuary to a troubled hospital. Last week, the nation's largest not-for-profit system agreed to absorb Carondelet Health System and its eight remaining hospitals.
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D002410:Catholicism; D002608:Charities; D005377:Financial Management, Hospital; D006273:Health Facility Merger; D016519:Hospitals, Religious / Q000191:economics / Q000458:organization & administration*; D008923:Missouri; D009096:Multi-Institutional Systems / Q000191:economics / Q000458:organization & administration*; D009937:Organizational Objectives; D014481:United States