Following a modest uptick in hospital and health system M&A activity in Q2 2025, with eight announced transactions, Q3 continued to trend upwards, with 15 transactions announced—an activity level more in line with historical observations. This trend suggests that policy clarity following passage of the One Big Beautiful Bill in July is beginning to (re)shape transaction strategy. Eight of the 15 transactions were divestitures (53% of announced Q3 transactions) and eight involved a financially distressed party (also 53% of announced Q3 transactions). The larger organization or acquirer in every single one of the 15 announced transactions was a not-for-profit organization.
Read the full article: M&A Hospital & Health System Quarterly Activity Report: Q3 2025 //
Source: https://www.kaufmanhall.com/insights/research-report/ma-quarterly-activity-report-q3-2025