Becker's Healthcare October 3, 2024
Twenty-seven hospital merger and acquisition transactions were announced in the third quarter, the highest Q3 volume since 2017, according to Kaufman Hall’s latest M&A report.
Nearly half the activity in the quarter came from Dallas-based Steward Health Care’s bankruptcy, including one of four mega-mergers. Total transacted revenue for Q3 reached a high of $13.3 billion.
Many health systems are expanding into new geographic areas to diversify their portfolios, strengthen bargaining power and pursue further economies of scale. Kaufman Hall expects large systems to continue adjusting their portfolios to support investments and meet changing community needs.
“While the increasing number of transactions in Q3 2024 is getting us back to a normal level of activity, we are observing various...
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