- Full details in this new report.
- The trend comes as medical care providers look to grab scale to compete with national health insurers and outpatient medical care providers entering their markets
- Just last month drugstore giant CVS Health completed its acquisition of Aetna, the nation’s third-largest health insurer, for $69 billion
- We’re seeing a move toward strategic growth, driven in part by the need to acquire expertise and resources to manage the industry-wide changes facing hospitals and health systems
- Hospitals and health systems are consolidating to fend off these new players with access to massive amounts of capital like CVS and UnitedHealth Group’s Optum health services business
- The Kaufman Hall report shows 7 transactions in 2018 involved hospital and health system sellers with $1 billion or more in annual revenues
- Unlike the mergers of large publicly-traded providers and insurers, hospital and health system deals are dominated by nonprofits
- A not-for-profit system was the acquirer in 75% of transactions in 2018
To End this Pandemic We’ll Need a Free Vaccine Worldwide
A great article from Time Magazine this week - highlights Until we end COVID-19...
