Third-quarter hospital M&A deals were up 79% over the second quarter of 2024 and 25% over the third quarter of 2023, according to the report.
Five things to know:
1. Cain Brothers expects the number of hospital and health system mergers, acquisitions and divestitures to continue into 2025 at an increasing rate as financial challenges persist.
2. The third quarter of 2024 saw a significant number of for-profit conversions to nonprofit, primarily because of divestitures by Dallas-based Steward Health Care and Tenet Healthcare.
3. Tenet sold 14 hospitals this year, including five in the third quarter. Steward had operated more than 30 hospitals before filing for bankruptcy and restructuring. The company transferred ownership of nearly all of its hospitals — while closing others — in the third quarter.
4. The third quarter also saw a number of hospital divestitures by national systems to regional health systems.
5. Standalone hospitals are increasingly seeking partnerships with larger systems in exchange for capital investments and access to integrated care networks.
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
