|By Business Wire||
|May 13, 2014 01:45 PM EDT||
Hospital merger and acquisition activity in the U.S. continued to grow in the first quarter of 2014, according to the latest analysis by Kaufman Hall. In the first three months of 2014, 23 transactions were announced, compared with 21 transactions in first quarter of 2013—a 9.5 percent increase.
Of the 23 transactions, 20 involved acquisition of not-for-profit organizations—15 by other not-for-profit organizations and 5 by for-profit organizations. The total operating revenue of the acquired organizations was $5.5 billion. The transactions occurred across a broad range of acute-care segments, including not-for-profit, for-profit, rural, urban, and academic health centers.
This increase continues the trend seen over the past several years. In 2013, 98 hospital and health system combinations were announced, an increase of 3 percent over 2012 and 51 percent over 2010.
“For many healthcare organizations, preparing for a value-based delivery system requires achieving economies of scale, along with enhanced infrastructure and other resources,” says Kit Kamholz, Managing Director of Kaufman Hall. “The continued increase in hospital transactions shows that mergers and acquisitions are considered a viable approach to achieve the desired scale.”
About Kaufman Hall
Kaufman Hall is an independent consulting firm that offers integrated strategic, capital, and financial advisory services and software tools to healthcare organizations of all types and sizes. Our goal is to help hospitals and health systems achieve best practice strategic financial management that produces tangible, measurable, and improved financial results. To learn more, visit kaufmanhall.com.
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