Twenty-three hospital transactions were recorded between Jan. 1 and March 31, 2013, down from 34 last quarter and 27 in the first quarter of 2012. The fifth-largest deal of the past 12 months occurred in this year’s first quarter with Ontario, Calif.-based Prime Healthcare’s $110 million acquisition of Knapp Medical Center in Weslaco, Texas.
Merger and acquisition activity in all service and technology sectors of healthcare saw a sharp drop in volume and spending in the first quarter of 2013, down 50 percent in overall value and 31 percent in quantity compared with the first quarter last year, according to Levin Associates.
More Articles on Hospital Transactions:
UNC Health Care, Pardee Hospital Extend Management Agreement
Spectrum Health to Absorb Mecosta County Medical Center by July
Lincoln County Healthcare Plans to Close ED, Merge Critical Access Hospital
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