The Hammond Hanlon Camp LLC research was released just over a week after Kaufman Hall's latest M&A analysis.
M&A activity among hospitals and health systems in 2020 still trails the pace set in 2019, though many executives expect an uptick in 2021, according to a Hammond Hanlon Camp LLC (H2C) analysis released Thursday.
During the quarter, 18 transactions were announced, down from 22 announced deals in Q3 2019. Similarly, managed care deals were down 63% year-over-year.
Year-to-date, there have been 57 hospital deals, down from 66 announced transactions this time last year.
Overall, quarterly healthcare M&A activity was up 9% compared to Q3 2019, though year-to-date deals are down 7% compared to 2019.
The analysis attributes the decline in transactions to a slow Q2, marked by the effects of the ongoing COVID-19 pandemic.
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H2C said its health system clients have indicated that they "are refocusing their attention on strategic growth" going forward.
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The H2C research was released just over a week after Kaufman Hall's latest M&A analysis.
Related: Despite Pandemic, Healthcare M&A Activity Stays Apace
Jack O'Brien is the Content Team Lead and Finance Editor at HealthLeaders, an HCPro brand.