A profile of hospital acquisitions.
The number of hospitals acquired by hospital systems has declined from 99 facilities in 1996 to less than 63 facilities between 1999 and 2000. We evaluated the market, operating and organizational factors, and their relationship to these hospital acquisitions that occurred during this period of decline. We found that acquired hospitals, on average, operated at a loss, incurred higher debt levels, and were more likely to be located in markets with a large number of health maintenance organizations. Older, for-profit hospitals with fewer occupied beds were also likely targets for hospital acquisitions.
Harrison
Jeffrey P
JP
University of North Florida, South Jacksonville, USA. jharriso@unf.edu
McCue
Michael J
MJ
Wang
Bill B
BB
D000573:American Hospital Association; D002391:Catchment Area, Health / Q000706:statistics & numerical data; D003625:Data Collection; D003659:Decision Making, Organizational; D017598:Efficiency, Organizational; D019981:Health Care Sector / Q000706:statistics & numerical data / Q000639:trends*; D006273:Health Facility Merger / Q000706:statistics & numerical data / Q000639:trends*; D006302:Health Services Research; D006739:Hospital Administration / Q000191:economics / Q000639:trends*; D006777:Hospitals, Proprietary / Q000458:organization & administration; D006788:Hospitals, Voluntary / Q000458:organization & administration; D011336:Probability; D014481:United States