M&A activity among health systems picked up last year — key trends included cross-market mega-mergers and academic medical centers expanding their community hospital networks. Despite tough economic conditions, Kaufman Hall experts expect this activity to continue growing in 2023.
The health systems ended negotiations for the sale of 14 CommonSpirit Health facilities to Essentia Health. Though the organizations did not comment on the reason for their decision, the move comes a few months after healthcare workers filed a petition detailing their concerns, including that the deal could result in layoffs.
By reducing administrative burden and redesigning workflows around human needs, it creates space for what matters most: connection between clinicians and patients.