Ascension sells ownership in Arizona Medicaid plan to Aetna

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  "detected_at": "2026-09-18T20:49:00+00:00",
  "company": {
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    "domain": "ascension.org"
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    "url": "https://www.healthcaredive.com/news/ascension-sells-ownership-in-arizona-medicaid-plan-to-aetna/830827/",
    "title": "Ascension sells ownership in Arizona Medicaid plan to Aetna",
    "author": "Jill Hughes",
    "excerpt": "The sale lets Ascension shed insurance risk while Aetna gains a stake in a profitable plan serving high-margin dual-eligible members. It’s the latest divestiture for Ascension, which continues to reorient its business following years of financial losses underpinned by rising expenses and a massive cyberattack in 2024. Ascension has sold a number of hospitals and acquired an ambulatory surgery provider, AmSurg , as it focuses more heavily on outpatient care. The nonprofit has also trimmed its insurance businesses, pulling out of Texas’ Affordable Care Act market in 2024 and selling its stake in insurer Network Health to Froedtert Health in 2023. These actions helped Ascension claw its way back into the black in 2025, and grow its income since. The health system reported $1.5 billion in net income for the 2026 fiscal year, up from $918 million the year prior. Now, Ascension is waving goodbye to yet another business: Mercy Care, which covers approximately 404,000 members across Medicaid and dually eligible plans in Arizona. Mercy Care is profitable, reporting $34 million in income last year, according to tax documents . But providers, even those with a long history of operating health plans, are increasingly washing their hands of insurance, put off by mounting medical expenses and perennial regulatory uncertainty . This year has seen a number of insurance exits from integrated...",
    "summary": "Ascension reported $1.5 billion in net income for the 2026 fiscal year, an increase from $918 million in the prior year.",
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    "published_at": "2026-09-18T20:49:00Z",
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