Frequently Asked Questions

Today hospitals face a number of challenges including a difficult economic environment with increased operating pressures. Many hospitals, including Catholic facilities, are having a tough time accessing needed capital resources to invest in improvements in technology and facilities and ensure the highest quality care.

Ascension Health Care Network, a joint venture between Ascension Health Alliance and Oak Hill Capital Partners, provides an innovative, alternative funding source for the purchase of Catholic hospitals and other provider entities. It offers these entities access to financial resources and operational and clinical expertise. This will ensure that hospitals have access to capital they need to continue providing the highest quality care while also allowing them to maintain their Catholic identity.

FAST FACTS

Ascension Health Care Network	Formed jointly by Ascension Health Alliance and Oak Hill Capital Partners Provides alternative funding source for Catholic hospitals Leo P. Brideau, FACHE, serves as CEO Headquartered in St. Louis Hospitals acquired by the joint venture benefit from the clinical and operational resources of Ascension Health Catholic entities that join this new network are able to maintain their religious identity
Ascension Health Alliance	Catholic healthcare organization dedicated to the transformation of healthcare through innovation Began operations January 2012 Subsidiaries include Ascension Health
Ascension Health	Largest Catholic and nonprofit healthcare system in the U.S. Serves in more than 1,400 locations in 21 states and the District of Columbia Founded in 1999 Health Ministries employ 121,000 Headquartered in St. Louis
Oak Hill Capital Partners (Oak Hill Capital)	Leading private equity firm Manages over $8.2 billion of private equity Longstanding track record of investing in healthcare sector Offices in Menlo Park, Calif., New York, N.Y., and Stamford, Conn.
Catholic Healthcare	There are approximately 600 Catholic hospitals in the U.S. (Catholic Health Association) One in every six patients in the U.S. is admitted to a Catholic hospital (Catholic Health Association) A recent study by Thomson Reuters indicates that people receive higher-quality care at Catholic hospitals