Predicting Successful Hospital Mergers and Acquisitions: A Financial and Marketing Analytical Tool

by Winston; William

• ISBN13: 9780789000576
• ISBN10: 0789000571
• Edition: 1st
• Format: Hardcover
• Copyright: 1997-02-04
• Publisher: Routledge

Summary

Predicting Successful Hospital Mergers and Acquisitions examines the rapidly changing acute care hospital of the health care delivery industry. It provides a set of guidelines for human service industry executives considering a merger or acquisition to keep organizations competitive and efficient in the current managed care environment. This model is applicable to various health care providers such as skilled nursing facilities, psychiatric care hospitals, and rehabilitation facilities.

Table of Contents

What This Book Will Do for You: Introduction	1	(7)
Mergers and Acquisitions as a Growth Strategy	2	(3)
Mergers and Acquisitions as a Defensive Strategy	5	(2)
Review of Previous Studies	7	(16)
Early Studies	7	(3)
Use of Accounting Numbers to Predict Takeovers	10	(3)
Use of Discriminant Analysis to Predict Takeover Targets	13	(10)
Studies Performed on Hospitals	23	(8)
Summary of Chapters 2 and 3	27	(4)
Data Collection and Analysis	31	(20)
Source Documents	31	(1)
Empirical Data	32	(3)
Analysis of Results	35	(2)
Significant Variables Prior to Merger	37	(9)
Interpretation of the Data	46	(3)
Summary of Variables by Source	49	(2)
Marketing and Operational Factors That Affect the Success of Mergers and Acquisitions	51	(12)
Market Share	51	(1)
Compatibility and Conflict of Services	51	(1)
The Changing Role of Centers of Excellence	52	(3)
Managed Care	55	(1)
Restructuring Services to Fit the New Organization	56	(4)
Operational Factors	60	(3)
Postmerger Analysis	63	(8)
Recommendations and Conclusions	71	(2)
Appendix A. Variable Names	73	(2)
Appendix B. Discriminant Analysis of Nineteen Variables One Year, Two years, Three Years, Four Years, and Five Years Before Merger	75	(8)
Appendix C. Comparison of Values of Nineteen Variables Before Merger and One Year After Merger	83	(10)
Appendix D. Comparison of Values of Nineteen Variables Before Merger and Two Years After Merger	93	(10)
Appendix E. Comparison of Values of Nineteen Variables Before Merger and Three Years After Merger	103	(10)
Appendix F. Comparison of Values of Nineteen Variables for Merged Firms vs. Nonmerged Firms	113	(10)
Bibliography	123	(4)
Index	127