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47 Antitrust Bull. 677 (2002)
Antitrust Policy and Hospital Mergers: Recommendations for a New Approach

handle is hein.journals/antibull47 and id is 683 raw text is: The Antitrust Bulletin/Winter 2002 Antitrust policy and hospital mergers: recommendations for a new approach BY CORY S. CAPPS,* DAVID DRANOVE,** SHANE GREENSTEIN** and MARK SATTERTHWAITE** I. Introduction During the 1990s, there were over 900 hospital mergers and acqui- sitions, many involving hospitals in the same metropolitan areas.' These transactions consolidated the hospital industry, dramatically concentrating the supply of hospital services. In principle, several purposes motivated this consolidation. First, consolidation might * U.S. Department of Justice and Kellogg School of Management, Northwestern University. ** Kellogg School of Management, Northwestern University. AUTHORS' NOTE: The views expressed herein are the authors' and not necessarily those of the Department of Justice. I Irving Levin Associates, a health care research company that tracks hospital mergers, reports 1042 hospital mergers and acquisitions between Jan. 1, 1993 and Jan. 1, 2001. Nine hunred forty-four of these transactions were valued at over $10 million. Note, however, that the 1042 transactions include hospitals involved in multiple transactions. See http://www.levinassociates.com/. © 2003 by Federal Legal Publications. Inc.

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