DOTmed October 8, 2024
The volume of hospital and health system transactions surged in Q3 2024, with 27 announced deals marking the highest level of activity this year, according to a new M&A report from Kaufman Hall.
The increase aligns with pre-pandemic transaction levels, driven significantly by the bankruptcy of Steward Health Care, which accounted for 11 of the 27 transactions.
Among the notable deals, Health Care Systems of America took over operations at eight Steward hospitals, part of four “mega mergers” in Q3 where the seller’s revenue exceeded $1 billion. Other major transactions included Orlando Health’s acquisition of Brookwood Baptist Health from Tenet, Prime Healthcare’s purchase of eight Ascension-owned hospitals in Illinois, and the merger between Sanford Health and Marshfield Clinic Health System.
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