Healthcare DIVE July 9, 2021
Dive Brief:
- With 14 transactions in the second quarter of this year, health system mergers and acquisitions are still below recent historical averages from before COVID-19, according to a Thursday report from Kaufman Hall. Even so, revenue from the deals is the second-highest in recent years at $8.5 billion.
- A number of transactions involved sellers with revenues above $500 million, including a megamerger between Beaumont and Spectrum Health, with both Michigan-based companies notching over $1 billion in annual revenue.
- Health systems in general are shifting their focus from acquisitions of small, independent hospitals to regional partnerships, and for-profit chains are focusing on building strong regional markets and divesting hospitals outside their core scope of business, the report found.
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