By: Zack Budryk Source: Fierce Health Finance Mergers and acquisitions (M&A) increased among hospitals and health systems in 2013, according to a new analysis by Kaufman Hall. Last year, hospitals and health systems announced 98 new combinations, a 3 percent increase from the previous year and a 51 percent increase from 2010, the analysis found. The acquired organizations’ total operating revenue was $32.3 billion. “The level of activity shows consolidation continuing to occur among not-for-profit hospitals and health systems as they position themselves for value-based payment and population health management,” the analysis states. In 87 of the transactions, buyers acquired a not-for-profit organization–70 of buyers were non-profits and 17 were for-profit organizations. The acquired organizations in non-profit deals generated $18.5 billion in total revenue. The 11 remaining for-profit mergers generated a total of $13.8 billion. Of that sum, more than 90 percent–about $12.7 billion–came from just two transactions: Dallas-based Tenet Healthcare’s acquisition of 28-hospital Vanguard Health Systems and Tennessee-based Community Health Systems’ acquisition of Florida’s Health Management Associates. Click Here to read the full article at its source.
