Ascension Health Alliance and Oak Hill Capital Partners (Oak Hill Capital) have formed Ascension Health Care Network (AHCN), a joint venture that provides an alternate funding source for the acquisition of Catholic hospitals and other healthcare provider entities. AHCN offers these entities access to financial, operational and clinical resources. (Click to read the full news release announcing the joint venture.)
Leo P. Brideau, FACHE, serves as President and CEO of the venture. Brideau was formerly President and CEO of Columbia St. Mary’s, Milwaukee, and also served as the Wisconsin/Missouri Ministry Market Leader for Ascension Health.
About Ascension Health Alliance
Ascension Health Alliance is a Catholic healthcare organization dedicated to the transformation of healthcare through innovation. Its subsidiaries include Ascension Health, the nation’s largest Catholic and non-profit health system. Ascension Health provides the highest quality care to all with special attention to those who are poor and vulnerable. Last year Ascension Health provided more than $1.2 billion in care of persons living in poverty and community benefit programs. Its Mission-focused Health Ministries employ more than 121,000 associates serving in more than 1,400 locations in 21 states and the District of Columbia. Other Ascension Health Alliance subsidiaries focus on service areas ranging from medical engineering to treasury management functions to venture capital investing.
About Oak Hill Capital Partners
Oak Hill Capital Partners is a private equity firm with more than $8.2 billion of committed capital from leading entrepreneurs, endowments, foundations, corporations, pension funds and global financial institutions. Over a period of more than 24 years, the professionals at Oak Hill Capital Partners and its predecessors have invested in more than 60 significant private equity transactions. Oak Hill Capital Partners is one of several Oak Hill partnerships, each of which has a dedicated and independent management team. These Oak Hill partnerships comprise over $30 billion of investment capital across multiple asset classes. For more information about Oak Hill Capital Partners, please visit www.oakhillcapital.com.