Becker's Healthcare November 12, 2024
November started with a flurry of hospital mergers and acquisitions.
From Franklin, Tenn.-based Community Health Systems striking a deal to sell a Mississippi hospital, to Gulfport, Miss.-based Memorial Health System, to the University of Alabama at Birmingham Health System Authority acquiring Ascension St. Vincent’s Health System, at least 11 M&A moves have been reported by Becker’s since Nov. 1.
An Oct. 31 report published by Cain Brothers, a division of KeyBanc Capital Markets, also showed that third-quarter hospital M&A deals increased 79% over the second quarter of 2024 and 25% over the third quarter of 2023.
Amid all the M&A activity, Renton, Wash.-based Providence, a $30 billion health system that operates 51 hospitals and more than 1,000 clinics across seven...
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