Featured Insights
Our latest thinking on the healthcare Partnerships, Mergers, & Acquisitions issues that matter most right now
2020 M&A in Review: COVID-19 as Catalyst for Transformation
2020 was off to a strong start in hospital merger and acquisition activity, with the number of announced transactions in Q1 among the highest seen in the past four years. Then the COVID...
Research Report
What's Your Lab Strategy?
Until recently, many hospital and health systems have counted on relatively stable margins from outreach laboratory departments. However, the economics of lab testing are changing...
Webinar
Before the Ink Dries: Use Partnership Planning to Speed Synergy Benefits Post-Closing
Pre-merger partnership planning offers a value-add, whether the organization is an acquirer, acquiree, equal partner, or joint-venture affiliate. Additionally, the process of defining a...
White paper
Interested in Acquiring a Hospital? 8 Best Practices to Know About
As value-driven population healthcare takes hold, the most sought-after health systems will be those that can offer superior quality, access, and patient experience and loyalty at an...
White paper
QUARTERLY HEALTHCARE M&A REPORTS
Healthcare Mergers & Acquisitions Activity Report: Q3 2020
Average size of seller by annual revenues remains at historically high levels, at just under $400 million in Q3. Read more in our report!
Research Report
Healthcare Mergers & Acquisitions Activity Report: Q2 2020
Hospital operating EBITDA margins fell 174% year over year in April and remained down 9% year-over-year in May. Read more about what this means for M&A in Q2 2020.
Research Report
Healthcare Mergers & Acquisitions Activity Report: Q1 2020
Toward the end of the first quarter of 2020, the nation was struck with an unprecedented set of events triggered by the COVID-19 pandemic. Read more about what this meant for healthcare M&A transactions in Q1 2020.
Research Report
Healthcare Merger & Acquisition Activity Report: Q3 2019
Healthcare transactions announced in Q3 2019 exceeded the number announced in Q2 2019. Read more on the latest M&A news!
Research Report
M&A SNAPSHOTS
M&A Snapshot: Laboratory Services Outlook and Trends
PAMA, pathologist shortages, and an intensifying push for price transparency all indicate changes in the future of laboratories. Read more about 2020 trends.
Article
M&A Snapshot: Physician Group Outlook and Trends for 2019
The U.S. physician group sector includes approximately 195,000+ physician groups. These groups had combined 2018 revenues of $281 billion, up 0.9 percent from 2017.
Article
ALL MERGERS & ACQUISITION RESOURCES
M&A Quarterly Activity Report: Q2 2021
Merger and acquisition activity for the second quarter of 2021 included 14 transactions. At $8.5 billion, total transacted revenue for Q2 remains high, as health systems focus less on acquisitions of smaller independent hospitals and more on regional partnerships with systems in new markets.
Research Report
Board Dialogue: Podcast with Ken Kaufman - Episode 3: Overcoming the Board’s Post-Pandemic “Languishing”
On this episode, Ken Kaufman, Chair of Kaufman Hall, and Michael Peregrine, Partner at McDermott, discuss the board’s top post-pandemic governance and leadership challenges.
Thoughts from Ken Kaufman
Kaufman Hall featured on American Health Law Association podcast
C-suite leaders discuss some of the disruptors that hospitals and health systems face as the industry grapples with the effects of the pandemic and strategies to evolve and address the challenges ahead.
Podcast
Portfolio Optimization Strategies to Build Resiliency
A focus on resiliency requires blending vertical and horizontal perspectives on components of an organization’s portfolio of clinical services and strategic initiatives.
Research Report
Healthcare Merger & Acquisition Activity Report: Q1 2021
One year ago, Q1 2020 was closing with an emerging awareness of the pandemic that was about occur. The quarter ended with a relatively high number of announced transactions, but with very few large transactions, leaving average seller size by revenue at just $172 million for the quarter.
Research Report
Winter 2021 Kaufman Hall Report: Equity - To Advance You Have to Advance
In this issue of the Kaufman Hall Report, Kaufman Hall Chair Ken Kaufman discusses insights from the circumstances that enabled Becky Hammon to become the first woman to act as head coach during an NBA regular-season game, and the promotion of Kim Ng as General Manager for the Miami Marlins.
Research Report
2020 M&A in Review: COVID-19 as Catalyst for Transformation
2020 was off to a strong start in hospital merger and acquisition activity, with the number of announced transactions in Q1 among the highest seen in the past four years. Then the COVID...
Research Report
Healthcare Mergers & Acquisitions Activity Report: Q3 2020
Average size of seller by annual revenues remains at historically high levels, at just under $400 million in Q3. Read more in our report!
Research Report
Kaufman Hall featured on Hospital Finance Podcast
Kaufman Hall Managing Director Courtney Midanek recently joined the Hospital Finance Podcast and host Michael Passanante to explore key highlights from the Q2 M&A Report. Listen now!
Podcast
2020 M&A Snapshot: Laboratory Services Outlook and Trends
Since we published our last Laboratory Services, the dominant issue for laboratory services—and all of healthcare—has been the COVID-19 pandemic. Read more.
Article
Healthcare Mergers & Acquisitions Activity Report: Q2 2020
Hospital operating EBITDA margins fell 174% year over year in April and remained down 9% year-over-year in May. Read more about what this means for M&A in Q2 2020.
Research Report
New Partnership Opportunities for Health Plans and Physician Practices
The COVID-19 crisis might accelerate a trend in recent years toward new or enhanced partnerships between health plans and providers. Read more.
Article
Healthcare Mergers & Acquisitions Activity Report: Q1 2020
Toward the end of the first quarter of 2020, the nation was struck with an unprecedented set of events triggered by the COVID-19 pandemic. Read more about what this meant for healthcare M&A transactions in Q1 2020.
Research Report
The Attack on Hospital Consolidation
There was an attempt in a recent report to discredit consolidation in the hospital sector. The reality is it's impossible to determine from this opaque subset of hospital mergers that hospital consolidation as a whole is a good or a bad idea. Read more.
Thoughts from Ken Kaufman
Staking a Claim in Home Health Care: A Partnership-Based Strategy
Home health is the new frontier in value-based medicine. Read more about how a strategic partnership can help your healthcare organization.
Article
Healthcare Merger & Acquisition Activity Report: Q3 2019
Healthcare transactions announced in Q3 2019 exceeded the number announced in Q2 2019. Read more on the latest M&A news!
Research Report
M&A Snapshot: Laboratory Services Outlook and Trends
PAMA, pathologist shortages, and an intensifying push for price transparency all indicate changes in the future of laboratories. Read more about 2020 trends.
Article
Healthcare Merger & Acquisition Activity Report: Q2 2019
A number of significant transactions kept the quarter on pace with recent growth trends in total transacted revenue. Read more in Q2 2019's M&A report.
Article
Regional M&A Spotlight: Hospital and Health System Activity Takes Off in Florida
With seven deals in 2018, Florida was second only to Texas in the number of state-level transactions last year. Florida is now one of the most active markets in the country, with the number of 2018 transactions roughly double that seen from 2013 through 2017.
Article
Healthcare Merger & Acquisition Activity Report: Q1 2019
Merger and acquisition activity for hospitals and health systems got off to a strong start in 2019, with approximately half the transactions for the first quarter announced in January.
Article
From Adversary to Partner: Insights for Payers and Providers
Depending on the market, organizations face increased competition from large, integrated companies—or looming pressure from new tech-savvy entrants like Amazon and Google that are unencumbered by the operating challenges and fixed-cost infrastructures of legacy healthcare providers.
Article
Options for Physician Groups: What We’re Seeing in Today’s Market
Mergers, acquisitions, and partnerships with physician groups accelerated in 2018, topping the already-historically-high transaction numbers of 2017.
Article
Kaufman Hall Advised The Polyclinic on Merger with OptumHealth
Founded in 1917 by six Seattle physicians, The Polyclinic grew to become one of the largest independent multispecialty physician groups in the Greater Seattle area. Serving more than...
Case Study
M&A Snapshot: Physician Group Outlook and Trends for 2019
The U.S. physician group sector includes approximately 195,000+ physician groups. These groups had combined 2018 revenues of $281 billion, up 0.9 percent from 2017.
Article
M&A Activity in 2018: Trends and Implications for Healthcare
Watch this webinar to hear perspective regarding recent M&A trends focused on strategic over opportunistic growth as healthcare organizations look to improve patient outcomes, reduce...
Webinar
Using Partnership Planning to Speed Synergy Benefits Post-Closing
Significantly larger scale is mandatory for most healthcare organizations going forward. Proactive organizations are rigorously pursuing a variety of partnerships to catapult their size...
Webinar
2018 Healthcare M&A in Review: A New Landscape Takes Shape
Healthcare merger and acquisition activity in 2018 points to a continued focus on strategic over opportunistic growth. Hospitals and health systems seek to obtain the expertise, data, and technology needed to engage and remain relevant to consumers. Read more!
Research Report
M&A Snapshot: Laboratory Services August 2018
Hospital-based and independent labs are increasingly challenged by depressed volume, declining payment rates, and market disruptions. Projected losses for public lab companies were...
Research Report
What's Your Lab Strategy?
Until recently, many hospital and health systems have counted on relatively stable margins from outreach laboratory departments. However, the economics of lab testing are changing...
Webinar