Hospitals may target more outpatient sites for acquisition after the pandemic, Moody’s says

Dallas-based Tenet Healthcare, Nashville, Tenn.-based HCA Healthcare, New York City-based Northwell Health are examples of health systems that have various outpatient websites in their markets, according to the report.

Alia Paavola –
Wednesday, October 28th, 2020

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

” We expect that after the pandemic, more acute care hospitals will focus their acquisition and development intend on outpatient facilities,” Moodys stated..

Moodys said that inpatient hospitals with lots of outpatient facilities in their local markets will fare much better than those without many outpatient sites due to the fact that they can capture more surgical volumes..

Even prior to the pandemic, an increasing number of clients were seeking care beyond the four walls of a hospital. Now, the pandemic is speeding up the shift and will likely cause healthcare facilities to rethink their acquisition targets and advancement plans, according to Moodys Investors Services Healthcare Quarterly report launched Oct. 28..

More posts on health care market deals: CHS offers 2 Texas hospitalsHospital M&An update: 10 current dealsIntermountain + Sanford: 5 things to understand about the $15B merger.

Moodys stated lots of patients will likely continue to look for care outside of the health center even after the pandemic. The trend is credit unfavorable for medical facilities due to the fact that it might result in a loss of volumes, the credit rating firm included.