https://www.beckersasc.com/asc-transactions-and-valuation-issues/ascension-to-sell-asc-hospital-to-new-york-clinic.html
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This is the second New York hospital to leave Ascension (Binghamton, N.Y.-based Our Lady of Lourdes Memorial Hospital and its affiliated facilities) in recent memory.
Remember, it wasn't long ago that St. Mary's Healthcare in Amsterdam, New York split from Ascension because the hospital found that a huge amount of money could be saved every year by NOT having to pay Ascension's costly "management fees."
"The bottom line being, St. Mary’s Healthcare, which has included the former Amsterdam Memorial Healthcare since 2008, has about $190 million in annual revenue, and stands to save millions of dollars annually, somewhere in the “mid-seven figure range” by splitting off from Ascension, Giulianelli said."
https://dailygazette.com/2020/03/26/st-mary-s-healthcare-announces-it-will-return-to-being-an-independent-organization/