Hospitals Seek to Grow Capabilities and Scale

Mergers and acquisitions surged in 2023, but what were the driving factors?

  • Hospital mergers and acquisitions (M&As) increased substantially, up 23% from 2022; 75 transactions were announced in 2023.
  • Many acquisitions are driven by the high price of new construction.
  • A large majority of buyers are non-profit health systems.


Cain Brothers. Hospital and Health System M&A. Accessed March 15, 2024.