HealthSouth on target? Scrushy aims high with 'integrated service plaza' plan.
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Biomedical subjects
Publications and source records attributed to B Japsen.
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Because of a significant drop in the number of major corporate mergers and acquisitions, total hospital consolidation in 1997 was well off the record-setting pace of previous years. The number of hospitals involved in dealmaking dropped 18% to 627 compared with the previous year, according to Modern Healthcare's fourth annual roundup of consolidation activity. And there were only four corporate deals, compared with 11 in 1996.
From more woes for managed-care firms to continued hospital mergers, particularly among not-for-profits, the staff of Modern Healthcare makes its predictions for the healthcare industry in the new year. And--which should come as no surprise to seasoned executives--1998 should turn out to be memorable, possibly invigorating and most certainly full of change.
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With Columbia/HCA Healthcare Corp. sitting on the sidelines, a newly aggressive not-for-profit hospital sector is stepping up its merger and acquisition activity. Since Richard Scott resigned as Columbia's chief on July 25, the company hasn't announced a single acquisition. Meanwhile, during that span, 40 not-for-profit systems have announced deals involving 50 hospitals.
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