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 ?
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?
Merger madness struck the insurance sector first, and then the health provider sector.
As the merger madness rages I can't help but wonder what the end game is.
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.
treat all workers with dignity and respect STOP THE MERGER MADNESS WHO: American Eagle flight attendants will picket and hand out