Ascension Acquires Cedar Park Regional (~13x EBITDA)
- Will Hamilton
- Apr 18, 2025
- 2 min read
On April 15, 2025, Ascension Health, one of the largest nonprofit health systems in the United States, announced the acquisition of Cedar Park Regional Medical Center, a full-service acute care hospital in Texas formerly owned by Community Health Systems (CHS). Cedar Park serves a rapidly growing suburban population with comprehensive inpatient and outpatient care, including emergency services, surgical care, women’s health, and specialist physician services. For Ascension, adding Cedar Park Regional Medical Center integrates a well-established acute care facility into its network, providing scale and care continuity in a region experiencing sustained population and service demand growth.
General Hospital EBITDA Multiples
According to the SEC filings, the purchase price was $436m for the 80% owned by CHS (Ascension currently owns the other 20%), implying a total value of $545m. Revenue and EBITDA from the pro forma financial statements included in the filings. The implied valuation multiples work out to 2.8x revenue and 13x EBITDA, representing another in a string of for-profit divestitures to non-profits at previously uncommonly high multiples.
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Hospital M&A Deal Volume
The number of announced U.S. general acute care and specialty hospital deals dipped slightly in 2025 after a strong rebound in 2023 and 2024 from the declines that occurred in the second half of 2021 and persisted throughout 2022. Volume averaged 21 per quarter in 2025, down from 24 per quarter in 2024, and up from 18 in 2022.
Other Hospital Deals
Read Scope Research's take on other hospital M&A transactions:
About Scope Research
The Scope Research Healthcare M&A Valuation Database currently has financial details related to 426 general acute care and specialty hospital deals, segmented by type, including 254 deals with disclosed EBITDA multiples. The data can be purchased individually, while our affordable annual subscriptions provide access to all of our healthcare M&A databases and segments, updated continuously.
Don't hesitate to reach out to Will Hamilton at will@scoperesearch.co with questions about your specific situation.
