Health systems have made dozens of M&A deals this year, as many are seeking out partnerships to grow and protect their long-term financial sustainability. Here is a rundown of five newsworthy deals announced in 2023.
Hospital M&A activity remained strong during the first quarter of 2023, according to a new report from Kaufman Hall. Hospitals and health systems announced 15 M&A transactions in the first quarter of 2023, which almost matches the 17 transactions announced in the fourth quarter of 2022.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Last week, New Mexico-based Presbyterian Healthcare Services and Midwest-based UnityPoint Health signed a letter of intent to merge. One consultant thinks these kinds of announcements will continue in the coming years, but a significant chunk of these intended mergers will end up being called off due to health systems realizing they’re not ready to make the sacrifices needed to reap the benefits of a megamerger.
UnityPoint Health CEO Clay Holderman said his health system made a mistake when it used to leave decision making concerning new technology adoption up to the director of its venture fund instead of involving its frontline clinicians. UnityPoint’s clinicians didn’t take too well to this, so the health system re-structured its technology adoption process to prioritize the voices of its clinical staff.
Though the Covid-19 pandemic accelerated some aspects of health IT, it slowed others, including EHR replacements and back-office system upgrades. CIOs from some of the nation's leading health systems shared not only the projects they put on hold, but also how they made those decisions and the challenges they faced when trying to reignite their efforts.
The Iowa-based health system will leverage b.well Connected Health's platform and services to enable patients to view and share their health data. The platform will also allow patients to access all of UnityPoint's digital tools in one location.
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
In an interview, Matthew Warrens, UnityPoint Health’s Managing Director of Innovation, said the health system robustly embraced technology solutions offered by companies within the UnityPoint Health Ventures portfolio to not only support patients but also for the benefit of employees.
Time is running out to register for INVEST Digital Health virtual conference, scheduled for September 21-25. In addition to compelling panel discussions, it will spotlight startups who will present their products and services to teams of judges in four categories.
The combination would rank among the top 15 largest nonprofit health systems in the country and span 76 hospitals across 26 states and nine countries, employing 83,000 staffers and 2,600 physicians.
West Des Moines, Iowa-based UnityPoint Health, a network of hospitals, clinics and home care services, has launched the fund, which will focus on early-stage growth companies across digital health, medical devices, therapeutic spaces and healthcare services.
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
Iowa-based healthcare organization UnityPoint Health is taking part in the MedCity INVEST Population Health conference in New Orleans where the role of startups in supporting healthcare innovation will be a critical part of the conversation.