After a decade of “merger mania,” many organizations now are taking a step back and looking to unwind past partnerships or call off deals before they are finalized, Becker’s reports.
Most recently, St. Louis-based Ascension and Altamonte Springs, Fla.-based AdventHealth announced they would unwind their Amita Health partnership after nearly seven years. Amita Health, a Chicago-based joint venture between the two companies, comprises 15 acute care hospitals, four specialty hospitals and immediate and outpatient care centers.
Several other mergers and acquisitions have fallen apart in recent months. This includes Duluth, Minn.-based Essentia Health and Chicago-based CommonSpirit Health abandoning a deal that would have added 14 hospitals and three clinics to Essentia Health’s network.
To understand why this is occurring more frequently, it’s important to look at what is happening in the healthcare landscape, according to Michael Abrams, managing partner of global healthcare consultancy Numerof & Associates. Read more.
