SKOKIE, Ill.--(BUSINESS WIRE)--Hospital merger and acquisition activity was down slightly in the first half of 2014, compared with the first half of 2013, according to the latest analysis by Kaufman Hall. In the first two quarters of 2014, 43 transactions were announced, compared with 46 in the first half of 2013.
Of the 43 transactions so far in 2014, 40 involved acquisition of not-for-profit organizations—33 by other not-for-profit organizations and 7 by for-profit organizations. The total operating revenue of the acquired organizations was $10.0 billion. The transactions occurred across a broad range of acute-care segments, including not-for-profit, for-profit, rural, urban, and academic health centers.
"Mergers and acquisitions continue to be an important method for healthcare organizations to achieve the economies, infrastructure, geographic coverage, and other attributes needed for a value-based delivery system," says Michael Finnerty, Managing Director of Kaufman Hall.
About Kaufman Hall
Kaufman Hall is an independent management consulting firm that offers integrated strategic, capital, and financial advisory services and software tools to healthcare organizations of all types and sizes. Our goal is to help hospitals and health systems achieve best-practice strategic financial management that produces tangible, measurable, and improved financial results. To learn more, visit kaufmanhall.com