Gary Levin M.D.
The last half and quarter of 2010 unveiled an explosion of mergers and acquisitions in the hospital industry. This is also occurring in the health insurance sector.
Hospitals have reacted to the Affordable Care Act, and the prospects of Accountable Care Organizations (ACO) with a flurry of activity to increase their size for multiple reasons. A major factor is the enormous investment of capital and human resources to obtain and implement HIT as mandated by ONCHIT and HITECH. The magnitude of the investment for HIT can only be well served by a larger organization. Even large systems feel the threat of being unable to manage this aspect of technology.
In rather typical fashion the government by it’s action to reduce health expenditures and increase cost effectiveness and better outcomes has guaranteed further health care cost increases.
21 Recent Hospital and Health System Transactions
Health reform sparks hospital merger madness
by Anne Law, December 10th, 2010, Friday.
Community Health Bids for Tenet
PeaceHealth to Merge with Southwest Washington Health System
Newton Memorial Hospital Merger with Atlantic Health System
Mega merger: CHI, Jewish Hospital and U of L in talks to create new regional system
Illinois' Loyola University Health Considers Merger
Shamokin hospital to merge with Geisinger
Jewish Hospital and St. Mary’s Health Care
This sector of the Year In Review is just part of the 2010 Health Train Year in Review.