An industry facing major headwinds, such as rising labor and operation costs, staffing issues, and increased pressure from companies like CVS and Walgreens moving into outpatient care resulted in a tough Q4 for hospitals
Health system mergers highlight that scale and market penetration is the best way to compete in a tough market, according to acquisition data firm LevinPro HC.
But hospital M&A activity slowed in Q4:2022, according to a new LevinPro report. There were 19 deal announcements, a 10% decline compared with the third quarter of 2022. Fourth quarter activity nearly matched Q4 21 transactions when 18 deals were announced.
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