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- Title
Multihospital Chain Acquisitions and Competition in Local Health Care Markets.
- Authors
Mobley, Lee Rivers
- Abstract
This papa examines the determinants of multi-hospital acquisitions in California during a period of increased competition, 1984-1993. Evidence is examined for differences by chain type in acquisition preferences in the face of increased competitive pressure. Significant differences are found among chain types (for-profit nonprofit and church) All three types appear to position themselves through acquisitions to obtain multiple-hospital holdings within local markets, with the nonprofit type exhibiting the greatest tendency. Such positioning may enhance efficiency in pay or contracting and increase market power, lowering competition in the long run.
- Subjects
CALIFORNIA; HOSPITALS; HEALTH facilities; MEDICAL care; MARKETS; COMMERCE; MERGERS &; acquisitions
- Publication
Review of Industrial Organization, 1997, Vol 12, Issue 2, p185
- ISSN
0889-938X
- Publication type
Article
- DOI
10.1023/A:1007747713353