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Piedmont Healthcare grabs market share in back-to-back hospital deals


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HCA Healthcare and University Health didn t see a way to meaningfully expand their market share in the competitive Atlanta market, leading to a string of recent hospital deals that are poised to benefit Piedmont Healthcare, merger and acquisition experts said.
Piedmont will add seven hospitals to its current 11-hospital footprint via back-to-back transactions, courtesy of HCA and University Health. HCA sold its last Atlanta-area hospital to AdventHealth Thursday.
The profitable Atlanta-area hospitals will increase the not-for-profit health system s negotiating power with Blue Cross Blue Shield of Georgia, allow it to grow its service lines and spread its fixed costs over a wider asset base, M&A experts said. Meanwhile, HCA and University Health can exit or partner in markets they were unlikely to lead on their own while receiving a return on their investment, they said. ....

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