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Hospital merger trend meets Biden administration's skepticism bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Global Healthcare Transactions Series: How COVID-19 Impacted Transactions in the United States | Morgan Lewis jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Pandemic dents but doesn't erase Carle Foundation's profitability bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Hospitals posted higher profits in second half of 2020 even as COVID cases soared Modern Healthcare Illustration / Getty Images As COVID-19 cases reached unprecedented levels in the final months of 2020, some of the country s biggest health systems made more money than they did in the comparable 2019 period even without counting their federal grants. Company executives pointed to two big contributors: sicker than usual patients and a higher-than-expected ratio of privately insured patients, both on the COVID and non-COVID sides. The pandemic narrowed the subset of people willing to visit hospitals. Those that did tended to have very serious illnesses or injuries and they also were more likely to have commercial insurance, which pays hospitals much more than Medicare and Medicaid. ....
Modern Healthcare Illustration / Getty Images Hospital merger and acquisition activity rebounded in the fourth quarter, but annual deal volume still hit an 11-year low, according to a new report. The COVID-19 pandemic caused many health systems to pause or abandon their merger and acquisition plans, resulting in only 79 announced deals in 2020, Ponder & Co. found. That was down 25 percent from the trailing 10-year average and the lowest annual tally since 2009. But the 28 announced deals in the fourth quarter signaled that hospital executives are more comfortable with the virtual due diligence process and that finances have stabilized, said Eb LeMaster, managing director at the health care advisory firm. ....