HIT Consultant October 4, 2024
What You Should Know:
– The hospital and health system merger and acquisition (M&A) market experienced a significant surge in activity during the third quarter of 2024, reaching its highest level since 2017, according to Kaufman Hall’s latest M&A report.
– Kaufman Hall’s M&A report reveals this surge was largely fueled by the Steward Health Care bankruptcy and a series of “mega mergers” involving prominent health systems.
Steward Health Care Bankruptcy Drives Transaction Volume
The bankruptcy of Steward Health Care, a national for-profit hospital operator, triggered a wave of transactions as its hospitals were put up for sale. Of the 27 announced transactions in Q3, 11 involved Steward hospitals, highlighting the impact of financial distress on the healthcare...
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