Health Affairs January 10, 2019
Susan DeVore

Over the past decade, health care has emerged as one of the most important social and economic issues in our country. While the earlier part of the decade focused principally on the payment and legal changes that would be required to move health care forward, the latter half has been more about how the private sector has responded and shifted to answer new challenges.

2018 was a groundbreaking year: A number of organizations placed bets on health care transformation, announcing a series of new deals, new offerings, and new combinations that often paired entities at different levels of the health care marketplace. These initiatives were surprising in an industry that historically pursued mergers and acquisitions via horizontal adjacencies, rather than...