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CHICAGO and ST. LOUIS, Feb. 16, 2016 (GLOBE NEWSWIRE) — Accretive Health, Inc. (OTC Pink:ACHI), a arch provider of acquirement aeon casework and physician advising casework to healthcare providers, today appear the achievement of the transaction appear on December 8, 2015 with Ascension, the nation’s bigger Catholic and non-profit bloom system, and TowerBrook Basic Partners, an advance administration firm.

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As allotment of the transaction, Accretive Bloom and Ascent accept entered into a new adept able casework acceding for a 10-year term, beneath which Accretive Bloom will become the absolute provider of acquirement aeon casework and physician advising casework to Ascension’s hospitals, accountable to assertive bound exceptions. In addition, a anew formed advance agent endemic by Ascent and TowerBrook Basic Ally has invested $200 actor in Accretive Bloom in barter for convertible adopted b and warrants.

“Ascension has been a admired accomplice back the founding of the aggregation and we are admiring to admission a new appearance in our accord as abiding cardinal partners,” said Emad Rizk, M.D., President and Chief Executive Officer of Accretive Health. “We accept a market-leading belvedere that has delivered abundant amount to our barter and we plan to advance added in our capabilities to serve the acquirement aeon needs of all healthcare providers. This awful commutual accord with Ascent provides us with a cogent advance trajectory, and we attending advanced to the allowances it will bear to our customers, our advisers and our shareholders.”

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“This new affiliation supports our action of creating clinically chip systems of affliction in the communities we serve beyond the country and deepening our adeptness to accommodate compassionate, alone affliction to all, abnormally for bodies active in abjection and those best vulnerable,” said Anthony R. Tersigni, EdD, FACHE, President and Chief Executive Officer, Ascension. “We attending advanced to alive carefully with Dr. Rizk and the administration aggregation to apparatus this distinct acquirement aeon band-aid as we advance a sustainable, abiding business belvedere for the organization.”

Accretive Bloom expects to activate transitioning Ascension’s currently served hospitals to the new acceding over the aing six months. Ascent hospitals not currently served by Accretive will alteration to the company’s belvedere over an accepted three-year period.

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About Accretive Health

Accretive Bloom is a arch provider of acquirement aeon casework and Physician Advising Casework to healthcare providers. Accretive Health’s mission is to advice healthcare providers strengthen their banking adherence so they can bear bigger affliction at a added affordable amount to the communities they serve, accretion healthcare admission for all. Accretive Health’s characteristic operating archetypal includes people, processes, and adult chip technology/ytics that advice barter apprehend acceptable improvements in their operating margins and advance the achievement of their patients, physicians, and staff. Accretive Health’s barter about are multi-hospital systems, including faith-based or association healthcare systems, bookish medical centers and absolute ambulant clinics, and their affiliated physician convenance groups.

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About Ascension

Ascension (www.ascension.org) is a faith-based healthcare alignment committed to transformation through accession beyond the continuum of care. As the bigger non-profit bloom arrangement in the U.S. and the world’s bigger Catholic bloom system, Ascent is committed to carrying compassionate, alone affliction to all with appropriate absorption to bodies in abjection and disturbing the most. In budgetary 2015, Ascent provided about $2 billion in affliction of bodies active in abjection and added association account programs. Approximately 150,000 assembly and 35,000 accumbent providers serve in 1,900 sites of affliction – including 129 hospitals and added than 30 chief active accessories – in 24 states and the District of Columbia. In accession to healthcare delivery, Ascent subsidiaries accommodate a array of casework and solutions including physician convenance management, adventure basic investing, advance management, biomedical engineering, ytic affliction management, advice services, accident management, and application through Ascension’s own accumulation purchasing organization.

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About TowerBrook Basic Partners

TowerBrook Basic Ally L.P. is an advance administration close with in balance of $8 billion beneath management. The close is based in New York and London and focuses on authoritative investments in North American and European companies. TowerBrook’s clandestine disinterestedness funds accompany control-oriented investments in ample and average bazaar companies, partnering with awful able administration teams and gluttonous situations characterized by complexity. Added advice is accessible at www.towerbrook.com.

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Forward Looking Statements

This columnist absolution contains advanced statements, including the statements apropos the plans, strategies and objectives of administration for approaching operations, furnishings of accepted or approaching bread-and-er altitude or achievement and industry trends and added affairs that do not chronicle carefully to absolute facts or statements of assumptions basal any of the foregoing. All advanced statements independent in this columnist absolution absorb risks and uncertainties. Accretive Health’s absolute after-effects and outcomes could alter materially from those advancing in these advanced statements as a aftereffect of assorted factors, including the factors set alternating in Accretive Health’s annual letters on Form 10-Q for the abode concluded March 31, 2015, June 30, 2015 and September 30, 2015, beneath the branch “Risk Factors”. The words “strive,” “objective,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “vision,” “would,” and agnate expressions are advised to yze advanced statements, although not all advanced statements accommodate these anecdotic words. Accretive Bloom has based these advanced statements on its accepted expectations and projections about approaching events. Although Accretive Bloom believes that the expectations basal any of its advanced statements are reasonable, these expectations may prove to be incorrect and all of these statements are accountable to risks and uncertainties. Should one or added of these risks and uncertainties materialize, or should basal assumptions, projections, or expectations prove incorrect, absolute results, performance, banking condition, or contest may alter materially and abnormally from those anticipated, estimated, or expected.

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All advanced statements included in this columnist absolution are especially able in their absoluteness by these cautionary statements. Accretive Bloom cautions readers not to abode disproportionate assurance on any advanced account that speaks alone as of the date fabricated and to admit that advanced statements are predictions of approaching results, which may not action as anticipated. Absolute after-effects could alter materially from those advancing in the advanced statements and from absolute results, due to the uncertainties and factors declared above, as able-bodied as others that Accretive Bloom may accede immaterial or does not ahead at this time. Although Accretive Bloom believes that the expectations reflected in its advanced statements are reasonable, Accretive Bloom does not apperceive whether its expectations may prove correct. Accretive Health’s expectations reflected in its advanced statements can be afflicted by inaccurate assumptions it ability accomplish or by accepted or alien uncertainties and factors, including those declared above. The risks and uncertainties declared aloft are not exclusive, and added advice apropos Accretive Bloom and its business, including factors that potentially could materially affect its banking after-effects or action or relationships with barter and abeyant customers, may appear from time to time. Accretive Bloom assumes no, and it accurately disclaims any, obligation to update, amend, or yze advanced statements to reflect absolute after-effects or changes in factors or assumptions affecting such advanced statements. Accretive Bloom advises investors, however, to argue any added disclosures it makes on accompanying capacity in our alternate letters that it files with or furnishes to the SEC.

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