While several 2022 hospital and health system transactions are notable in terms of deal size and market impact, the recently completed Advocate Aurora and Atrium Health deal is especially important given that the newly formed “Advocate Health” is now the fifth largest nonprofit integrated U.S. health system—totaling 67 hospitals, 21,000 employed physicians, and generating over $27B in revenue. In 2023, Kaiser Permanente announced it would be acquiring Geisinger, forming “Risant Health” pending regulatory approval. Such noteworthy M&A activity begs the questions of how targets are identified, what metrics are being taken into account, whether regulatory approval will be granted and how viable the merged systems will be, notes Trilliant Health. Read more.
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