Horizontal mergers

Pre-Thanksgiving Merger Monday sees over $60 billion in announced deals

Illustration: Sarah Grillo/Axios

It's been a while since we've had a full-fledged Merger Monday, but today we've seen over $60 billion in announced deals.

Why it matters: This isn't about a macro economic shift. It's about bankers and boards wanting to enjoy their Thanksgiving breaks, without constant cell phone pings.

Small and large hospitals continue merger race

Anne Arundel Medical Center hospital at dusk.
Anne Arundel Medical Center in Maryland is merging with a local hospital. Photo: Anne Arundel Medical Center

The hospital industry isn't just consolidating among the titans. Deals are happening frequently at the local level, too.

Why it matters: Smaller hospital deals are just as important as large system mergers because local market power is paramount in health care — people usually get care close to where they live. A combined entity reduces competition, which could give it the upper hand in negotiations with commercial health insurers in its area.