There were 23 hospital transactions in the first quarter of 2015, which was in line with 2014's quarterly average of 23.5, according to a recent Kaufman, Hall & Associates report.
The organizations that were acquired in the first quarter had total operating revenue of more than $4.8 billion, according to the report.
Of the 23 first-quarter transactions, 35 percent involved acquisitions by for-profit organizations, which is a somewhat higher percentage than in recent quarters, according to the report.
"Achieving the new and expanded capabilities for success in a value-based system is a significant challenge for many organizations," said Anu Singh, managing director at Kaufman Hall. "Mergers and acquisitions, as well as affiliations and collaborations, will continue to be important ways for organizations to advance their strategic objectives within a rapidly changing environment."
More articles on healthcare transactions:
26 hospital transactions and partnerships in April
For-profit vs. nonprofit: A breakdown of hospital deals over the past 5 years
3 reasons hospitals are avoiding mergers and choosing to affiliate instead