Hospital mergers and acquisitions were down in 2021 as industry leaders faced another year battling the COVID-19 pandemic, new research from Kaufman Hall shows, reports RevCycle Intelligence.
There were 49 transactions announced by hospitals and health systems last year, the healthcare consulting firm reported in its annual year-end healthcare merger and acquisition report. That number is down significantly even from a record low in 2020 when there were 79 announced transactions. In prior years, the number of announced transactions were close to or exceeded 100.
While the number of hospital mergers and acquisitions remained low, the size of those few announced transactions were significantly up, researchers reported.
The data may point to a new trend in healthcare consolidation. Researchers noted that the average smaller partner size by annual revenue has grown at a compound annual growth rate of about 8% since 2011. Read more.
