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5 Most Notable Hospital M&A Deals in 2023

Hospitals and health systems are facing financial strain, leading to increased M&A activity. During the third quarter of 2023, 40% of health system M&A deals were driven by financial distress. Notable M&A deals this year include Kaiser Permanente’s acquisition of Geisinger Health, Presbyterian Healthcare Services and UnityPoint Health’s failed merger, Henry Ford Health’s plans to fold Ascension Michigan’s operations into its organization, and BJC HealthCare and St Luke’s Health System’s planned merger. Centura Health, a 20-hospital joint venture between CommonSpirit Health and AdventHealth, ended in August, with AdventHealth operating 5 hospitals and CommonSpirit operating the remaining 15.

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