![]() The organizations didn’t shed much detail on why the deal isn’t happening. ![]() Last month, ChristianaCare and Prospect Medical Holdings announced the deal wasn’t happening. ChristianaCare initially hoped to buy the hospitals from Prospect Medical Holdings, the for-profit company, and convert them to nonprofit hospitals. Related story: With hospital mergers, FTC warns state oversight isn’t sufficientĬhristianaCare, based in Delaware, had planned to buy Crozer Health, which operates four hospitals in the Philadelphia suburbs. ![]() Here’s a look at some recent hospital mergers and acquisitions that have been abandoned this year. President Biden has directed regulators to take a close look at mergers, including hospital consolidations, to preserve competition. The FTC has been applying more scrutiny to hospital deals involving transactions in competing markets. Some have collapsed due to regulatory opposition. However, several announced deals have dissolved in the past year. Experts say the pace of deals has slowed partly due to the COVID-19 pandemic, which has diverted attention from long-range planning and strategy. Hospital analysts expect the pace of hospital deals to pick up eventually. In 2021, there were 49 hospital consolidations, down from 79 in the previous year. That’s a smaller number than in previous years. In the first six months of 2022, there have been 25 hospital deals announced, according to Kaufman Hall, a consulting firm. It’s been a slow time for hospital mergers.
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