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. 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 states, takes another perspective.
Read the full article: Providence CEO: ‘Old-School M&A Is Dead’ //
Source: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/providence-ceo-old-school-m-a-is-dead.html