Keckley Report January 20, 2020
The 38th version of the JP Morgan Healthcare Conference is in the books and there were few surprises.
- All of the 482 presenting companies affirmed confidence in their growth strategies and little concern about a potential economic downturn.
- All express recognition that health spending and underlying costs are problematic, especially in the U.S. market. Most blame Congress for inadequate or misplaced oversight and the wastefulness in other sectors as culprits.
- Most expressed commitment to maintaining a healthy corporate culture and enhancing social responsibility in their organizations.
- Most, including the 27 not-for-profit health systems, expect to be profitable through a combination of organic growth and acquisitions. They’re bullish on opportunities for deals.
JPM is Woodstock for healthcare lenders and...