ECG’s Healthcare Mergers and Acquisitions (M&A) Update for Q3 of 2024! This edition includes a spotlight on hospital divestiture and ambulatory investment.
Here are three key takeaways:
- There were 378 announced US transactions in Q3 2024, compared to 400 in the prior quarter.
- Notable transactions include the following:
- In recent quarters, large national players have been reevaluating their portfolio of assets. Many major systems, such as Community Health Systems, Tenet Health, and Ascension, sold multiple hospitals during the quarter.
- Systems divesting their hospital assets are shifting investment to ambulatory settings, a trend that is expected to continue.
- Announced US healthcare private equity deals decreased from 160 deals in Q2 to 145 deals in Q3 2024.
- Q3 was marked by TowerBrook and CD&R’s $8.9 billion acquisition of R1 RCM, a leading provider of technology-driven solutions that transform the patient experience and healthcare providers’ financial performance. An investment vehicle controlled by TowerBrook was the beneficial owner of approximately 36% of the company’s outstanding shares of common stock.
We want to hear from you.
Connect with ECG’s Mergers, Acquisitions, and Transactions team to share your thoughts or concerns.
Edited by: Matt Maslin
Published October 8, 2024
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