There is a broad trend among health systems of seeking out joint ventures and partnerships that carry many of the same benefits as M&A but require less capital and carry less risk. That trend was apparent in the results of Modern Healthcare’s 2020 CEO Power Panel survey, in which 69.2% of the 26 respondents said joint partnerships were a component of their growth plans for this year, up from just half of respondents in the 2019 survey. It’s also the second year that CEOs said M&A activity is less of a strategy at their systems. “Partnerships will be increasingly important,” said Marna Borgstrom, CEO of Yale New Haven Health. “Money doesn’t exchange hands for acquisitions as much as you’re going to try to align care along a continuum that supports better outcomes and patient care.”
Read the full article: Health System CEOs Want Partners but Increasingly Not a Merger //
Source: https://www.modernhealthcare.com/mergers-acquisitions/ceos-want-partners-increasingly-not-merger