This year’s most popular insight illustrated in infographic form.
Published in January, the Graphic of the Year highlighted data from Kaufman Hall’s 2024 Hospital and Health System M&A in Review, capturing a sector cautiously emerging from post-pandemic disruption. With 72 announced transactions in 2024, health system merger and acquisition activity began ticking back up toward pre-pandemic levels. In 2025, a slow first half of M&A activity took place in the shadow of macro-economic volatility and uncertainty prior to the OBBB’s passage. However, third quarter transactions trended upward and are more in line with historical trends, according to Kaufman Hall’s Q3 M&A Quarterly Activity Report.