Becker's Healthcare November 19, 2024
Healthcare industry consolidation has mirrored trends in other sectors — promising efficiencies and stability but often delivering reduced competition, higher costs and limited access to care.
“Large scale consolidation/mergers that have been seen in other industries such as healthcare hospital providers, banking, retailing and pharmacies with the promise of improved efficiencies, financial stability, personalized car, and regional dominance has taught us that we shouldn’t be sold on the notions that organizations become too big to fail or bigger is better,” Joe Peluso, administrator at Aestique Surgical Center in Greensburg, Pa., told Becker’s. “Through these transactions independent entities have been left struggling to compete and have left communities with fewer choices, reduced access, increased costs, reduced services and closures which...
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