Prisma Health has finalized its partnership with Blount Memorial Hospital, enhancing its multi-region model and expanding resources in South Carolina. This merger reflects a trend of hospital consolidations aimed at improving efficiencies, though evidence suggests such mergers often lead to increased prices and spending without enhancing care quality. As the healthcare landscape evolves, the financial stability of hospitals remains critical for the communities they serve.
In Q3 2024, hospital merger and acquisition activity surged, with 27 transactions announced, the highest for that quarter since 2017, driven largely by the Steward Health Care bankruptcy. Total transacted revenue reached $13.3 billion, including four mega-mergers, as health systems adapt to community needs and financial challenges. Despite the high transaction volume, many struggling organizations face difficulties in finding partners, raising concerns about potential hospital closures.
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