Mergers and acquisitions continued to permeate the healthcare financial landscape, often driven by the potential for hospitals and health systems to transform their business model, in the face of increased pressure from existing and new competitors, as well as changing consumer demands and government regulations. Those are just a few of the findings in Kaufman Hall’s new report, 2019 M&A in Review: In Pursuit of the New Bases of Competition. While the $278-million average size of sellers by annual revenue in 2019 was down from the historic high of $409 million set in 2018, it still remained well above recent historical levels. Additionally, the trend toward partnerships between financially strong or market-defining health systems continued, with three announced transactions falling into the category of “mega-mergers” (transactions in which the smaller partner had more than $1 billion in annual revenue).
Read the full article: Transformative Pressures and Opportunities for Hospitals and Health Systems Drive Mergers and Acquisitions, According to New Kaufman Hall Report //
Source: https://www.prnewswire.com/news-releases/transformative-pressures-and-opportunities-for-hospitals-and-health-systems-drive-mergers-and-acquisitions-according-to-new-kaufman-hall-report-300984081.html