Five things to know:
1. Total revenue from the 25 transactions reported in the third quarter reached $8.14 billion.
2. Academic medical centers were acquirers in two of the 25 announced transactions in the third quarter; religiously affiliated health systems were acquirers in four and for-profit systems were acquirers in three.
3. Kaufman Hall spotlighted two significant transactions for the quarter. The first was Southfield, Mich.-based Beaumont Health’s announcement that it would acquire Summa Health, a four-hospital system in Akron, Ohio. With Beaumont’s eight hospitals, the acquisition would result in a system with combined revenue of $6.1 billion. The second big transaction was Medical Properties Trust’s $1.55 billion investment in the real estate interests of 16 hospitals operated by Los Angeles-based Prospect Medical Holdings.
4. There have been 71 transactions announced this year.
5. The Kaufmann Hall report also highlighted the emerging trend of health systems partnering with health plans to reduce care costs and administrative hassles and operate more efficiently.
To access the full report, click here.
More articles on healthcare industry transactions:
Meet M Health Fairview, a new brand linking 13 hospitals in Minnesota
CHS’ shrinking hospital portfolio: 12 latest divestitures
Conditions on sale of 4 California hospitals endanger deal
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
