Kaufman Hall says Q3 hospital M&A holds steady with 16 deals, $8.2 billion in transacted revenue

The 16 announced transactions included two mega mergers involving organizations with more than $1 billion in annual revenue. Average seller size was about $586 million, divestitures made up nearly one-third of transactions, and not-for-profit buyers accounted for most acquirers.

Separate operating data showed a 2.5% year-to-date operating margin, while nearly 43% of hospitals were operating at a loss.