merger madness

merger madness

A popular term for the joining of two or more hospitals under the same corporate shield, which became a very common occurrence in the US in the 1990s, as finances demanded that academic health centres match the cost efficiency of non-research hospitals.

Pros
Mergers eliminate redundant administration and underutilised specialty/subspecialty services, increase institutional purchasing power, and reduce employee turnover, as there are fewer local market opportunities.

Cons
Research funds are often reduced.
References in periodicals archive ?
Both industries have recently gone through merger madness, meaning that there is not only minimal competition between industries, there's minimal competition within industries.
Contra the merger madness, I was glad to read some words of pharma-sanity from John Lechleiter, chief executive officer of Eli Lilly & Co.
Welsh Lib-Dem leader Lembit Opik, said, 'The Government has wasted a phenomenal amount of Welsh police force time with its police force merger madness.
With the recent merger madness among major corporations and a tight labor market, companies are luring employees with promises of better opportunities.
merger madness and the recent Repsol-YPF deal in Argentina, will we see more of the same in Latin America?
As the merger madness rages I can't help but wonder what the end game is.
There is much that is exciting in the merger madness of the 1960's and after, whether the Erie and Delaware, Lackawanna & Western marriage in 1960 or the Norfolk & Western and Southern union years later.
The lab industry has undergone tremendous changes during this time, starting with the merger madness experienced by independent clinical labs.
Earlier in the session, PMCS joined the long list of Monday merger madness when it announced that it will acquire Agilent's (A) storage-semiconductor business for $425 million.
We're not counting our chickens just yet but we hope this is the beginning of the end for this merger madness.
Merger madness struck the insurance sector first, and then the health provider sector.