Hospital giant Ascension recorded about $1.3 billion in losses from a cyberattack, significantly impacting its turnaround efforts. The two-month system-wide cyber-ransom attack resulted in over $1 billion in lost revenue and directly translated to a $1.4 billion loss for the fiscal year 2023-2024. Ascension's finances were on track for a strong recovery until the cybersecurity issues caused major setbacks, culminating in a $1.8 billion operating loss for the fiscal year ending June 30, 2024.