The analysis also found that transaction volume in 2021 was 36 percent below historical averages — the lowest in over a decade.
The low transaction volume was caused by COVID-19 fatigue, according to the report, and could continue to affect hospital mergers and acquisitions into 2022 or 2023.
“The pandemic sapped bandwidth from the entire system, including C-suite executives, limiting the opportunity for crucial transaction conversations,” according to the analysis.
