There is a great deal of consolidation occurring in the healthcare industry today, and whether that is good or bad news to health system CEOs depends on their organization’s market and M&A track record.
During a panel discussion at the Becker’s Hospital Review 4th Annual CEO Roundtable + CFO/CIO Roundtable in Chicago, Chuck Lauer, former publisher of Modern Healthcare, asked the speakers to offer their thoughts on provider consolidation.
Here’s how CEOs responded.
“All of consolidation is about protecting the economic interests of organizations.”
Larry Goldberg, president and CEO of Loyola University Health System in Maywood, Ill., looks into a backyard rife with consolidation. In the Chicago metropolitan area, several organizations joined together or announced plans to do so in the past 18 months.
Despite all the M&A activity, “When you look here in the Chicago area, the reality is we haven’t fundamentally changed healthcare with all the consolidation,” he said.
In fall 2014, Downers Grove-based Advocate Health Care and Evanston-based NorthShore University Health System announced plans to consolidate and create a 16-hospital system called Advocate NorthShore Health Partners.
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