Fierce Healthcare January 12, 2021
The hospital and health system industry had 79 deals in 2020, a 14% decline from the 92 completed in 2019 due in part to the pandemic, a new report found.
The report, released Monday from Kaufman Hall, found that seven of the transactions were mega-mergers in which the seller or smaller partner had more than $1 billion in revenue. The analysis also found for-profit systems were busier than their nonprofit counterparts in terms of deals.
“Many health systems experienced both a liquidity crunch as revenue flows dried up in the wake of canceled procedures, and an ongoing grind of diminished volumes, heightened labor and supply expenses and continued surges of the virus that place extraordinary demands on both frontline staff...