Hospitals and other health care facilities have had to adjust to accommodate the influx of patients while also looking for ways to provide care to their non-COVID patients. Telehealth and other telemedicine services soared. More patients are turning to in-home care versus nursing facilities. Nurses, nurse practitioners and other non-physicians have had the opportunity to step up as the need for trained medical professionals grew.
And merger and acquisition deals are reaching new heights, Risk & Insurance reports.
“M&A has been a constant over the last several years,” said Monica DiCesare, chief underwriting officer, liability products, IronHealth, Liberty Mutual Insurance. “We’re going to continue to see this desire for organizations to align and grow as health care looks for ways to reduce costs and improve access to care.”
By 2021’s end, the health care industry saw almost 3,000 M&A deals, a 25% increase compared to 2020, according to law firm Epstein Becker & Green. DiCesare did note there has been a slow down in deals in 2022 so far, but we’re still likely to see facilities continuing on this path of expansion via M&A. Read more.
