Fierce Healthcare June 3, 2024
Merger and acquisition activity in the healthcare sector continues at a brisk pace as organizations seek to decrease their costs, expand service offerings and enhance their market presence. Strategic procurement can play an important role in maximizing M&A benefits.
Consolidating procurement can slash costs by standardizing purchasing processes and taking advantage of volume discounts for supplies. A smart business buying strategy involves using one technology platform for purchasing a wide variety of products from multiple sources.
M&A activity
Strategic consolidation among healthcare systems continues to be a trend shaping M&A activity, according to a recent report from market intelligence firm AlphaSense.
Hospital and health system M&A activity increased 27% year over year in 2023, and a flurry of deals has...
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