After a slow start, hospital merger activity rises

Chief Healthcare Executive – Thursday, October 16, 2025
By Ron Southwick

It took some time, but more hospitals and health systems are pursuing mergers and acquisitions.

There were 15 announced hospital deals in the third quarter of 2025, according to data compiled by Kaufman Hall, a healthcare consulting firm.

The number of deals in the third quarter surpassed the 13 hospital mergers that were reported in the first half of 2025. There were five deals in the first quarter, and eight in the second quarter. Kaufman Hall released the data Wednesday.

Beyond the uptick in the number of transactions, the third quarter also saw the year’s first two “mega-mergers,” deals in which both parties have $1 billion in revenue.

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