Mergers and acquisitions for healthcare services were up slightly in the third quarter from the year-ago period and up more significantly from the second quarter, according to a new report by Irving Levin Associates, New Canaan, Conn. The report said that 19 hospital deals were announced in the quarter, up from 18 in the 2002 third quarter and from four in the second quarter. A big contributor to the volume was Tenet Healthcare Corp., Santa Barbara, Calif., which in the third quarter announced deals to sell 11 hospitals. "What we're seeing here is a return to the historical levels of deal volume," said Stephen Monroe, managing editor at Irving Levin. -- by Vince Galloro
More hospital deals announced, in part thanks to Tenet
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