The number of hospital consolidations for the first quarter still lags pre-COVID-19 pandemic first quarters but the revenue side of the equation rose to levels not seen since 2018, The Bond Buyer reports.
The first quarter saw 15 announced transactions that involve $12.4 billion of revenues, according to advisory firm Kaufman Hall’s quarterly look at not-for-profit and for-profit hospital mergers and acquisition activity.
The number jumped from 12 in the first quarter of 2022 and 13 in 2021 but remains far behind the 29 in 2020, 27 in 2019, and 30 in 2018. The revenues involved, on the other hand, stood out, as that figure ballooned from just $3 billion in 2022, $8.8 billion in 2021, $5 billion in 2020, $4.9 billion in 2019, and was just shy of the previous recent peak of $12.7 billion in 2018. Read more.
