Updated December 27, 2023
Nurses, here is recent news on merger and acquisition activity with dozens of deals involving hospitals, drug developers and medical device manufacturers. By the end of the third quarter of 2023, there were 53 hospital mergers or acquisitions announced, a number which matched the total of deals in all of 2021 and 2022, according to data from Kaufman Hall and Becker’s Hospital Review. It is estimated that over a third of the transactions were due to financial distress. Simultaneous with the announcements were mentions of an expected reduction in force, meaning job loss in the workforce. The merging of multi-hospital systems also results in the elimination of duplicated positions.
The move to corporatizing healthcare is resulting in many hospitals becoming lostpitals. The number of rural and community hospital closings is alarming as well; however, I’ll be concentrating on M&As. Read More |