Chief Healthcare Executive October 5, 2024
Buoyed by a host of deals tied to Steward Health Care’s bankruptcy, hospital merger activity spiked. The number of hospital mergers is poised to top 2023.
Hospital merger activity picked up significantly in the third quarter, and the number of transactions this year has nearly matched the number of deals seen in all of 2023.
There were 27 announced hospital mergers and acquisitions in the third quarter of 2024, according to Kaufman Hall, the healthcare consulting firm. That’s the biggest number of third quarter deals in seven years, nearly matching the 29 transactions seen in 2017.
Much of the activity is driven by the bankruptcy of Steward Health Care and the system’s sale of its hospitals. No fewer than 11...
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