Acquisition | Ascension and South Alabama

To assess the degree of similarity between the announced acquisition between University of South Alabama Health (USA Health) & Ascension, we conducted an analysis of the acquired hospital for USA Health (Providence Hospital) and the largest hospital for USA Health, USA Health University Hospital. The analysis reveals that Providence Hospital and USA Health University Hospital have a SimilarityIndex™ M&A Score of 73.30, or a distance of 26.70. Said differently, using USA Health University Hospital as the index hospital, Providence Hospital is the 229th most similar hospital out of the 2,299 hospitals in the national analysis, revealing that there are other hospitals that are operationally, financially and competitively more similar but are not available for acquisition. USA Health University Hospital and Providence Hospital data are sourced from FY21 Cost Reports.

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