Hospital merger and acquisition activity remained strong in 2015, as the effects of the Affordable Care Act continued to ripple through the healthcare industry. Small hospitals and healthcare systems felt greater financial pressure to merge, partner or affiliate with larger hospitals and systems as the shift to value-based and capitated reimbursements gained ground. Hospitals in states that expanded Medicaid generally were in better financial shape than those in states that did not expand the healthcare safety net.

Hospital transaction chart