Matt Albers, a partner in the Vorys health care group, was quoted in a Modern Healthcare article about mergers and acquisitions in the health care industry amid the COVID-19 pandemic.
The story states:
“Albers, who typically works on larger transactions representing large nonprofit health systems and academic medical centers, said that after a wait-and-see approach, discussions have started up again.
‘I don't see energy behind consummating a lot of it yet, because the financial impact among systems has been very large,’ he said.
Institutions will be examining their cash reserves and seeing how well and how quickly they can ramp up outpatient procedures and bring back furloughed staff.
‘All of those factors have to be put in the mix for determining if and when those kinds of broader, very long forward-looking strategic activities and transactions will occur,’ Albers said.
He added he expects to see some more risk-tolerant market players, such as those in the private equity world, be more aggressive.”
To read the entire story on the Modern Healthcare website, click here.