Proposed healthcare mergers and acquisitions are continuing to face backlash from hospital and physician groups along with state and federal lawmakers — signaling a turn of the tide against megadeals. In 2023 alone, Becker’s reported on 10 called-off or unwound hospital deals, many of which were in part due to a Federal Trade Commission intervention, state regulatory reviews, and the financial and economic environment. Most recently, just as Blue Cross and Blue Shield of Louisiana paused its proposed $2.5 billion sale to Elevance Health, Portland-based CareOregon and Long Beach, Calif.-based SCAN Group also diffused their plan to merge under the name HealthRight Group.
Read the full article: The Tide Is Turning on Healthcare Megamergers //
Source: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/the-tide-is-turning-on-healthcare-megamergers.html