FTC clears Ascension's $3.9B AmSurg deal, forces 7 ASC divestitures

Plus: Onos Health raises $17M Series A with CVS Health Ventures backing. The day's rules, money, and enforcement, sourced and tiered below.

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Plus: Onos Health raises $17M Series A with CVS Health Ventures backing. The day's rules, money, and enforcement, sourced and tiered below.

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The Ledger Thursday, August 27, 2026
FTC clears Ascension's $3.9B AmSurg deal, forces 7 ASC divestitures
Plus: Onos Health raises $17M Series A with CVS Health Ventures backing. The day's rules, money, and enforcement, sourced and tiered below.
Deal  Confidence: Medium
The Federal Trade Commission cleared Ascension, the Catholic nonprofit hospital giant, to close its $3.9 billion purchase of AmSurg's outpatient surgery centers, but only after forcing it to sell off 7 of them.
The 7 centers, in Nashville, Panama City, Tulsa, Waco and Wichita, go to rivals SC Affiliates and Florida Gastroenterology Center. Ascension must notify the FTC before buying more ASCs in those cities for the next decade.
Why it matters
This is a case study in how antitrust regulators police hospital consolidation of outpatient surgery, requiring specific market fixes rather than blocking a deal outright. Watch whether the divested centers keep prices and access stable under new owners.
Deal  Confidence: High
Onos Health, a company that helps health insurers spot gaps in mental health and addiction care using AI, raised $17 million in Series A funding with CVS Health's venture arm as a backer.
The round was led by Costanoa Ventures, with Flare Capital Partners also joining. Onos says health plans using its platform saw clinical review efficiency improve 75% and program costs drop more than 6% within a year.
Why it matters
This is a bet by a major insurer's venture arm that AI can catch bad behavioral health care before it becomes expensive, and the outcome metrics cited come from the company's own customers rather than an independent study.
Sources: Prnewswire
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