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 ?
Long Island hospitals started banding together in the 1990s, setting off a trend of merger madness that continues today.
FOREST GROUPS RAGE AT 'MERGER MADNESS' WORRIED forestry groups are to step up lobbying efforts against the planned merger of three pubic bodies into a single countryside manager.
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., who recently told London's Financial Times,
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.
On the retail side, the "merger madness" of the past two years seems to have slightly subsided as only 28 retail acquisitions were recorded versus 41 in 1999 and 33 in 1998.
merger madness and the recent Repsol-YPF deal in Argentina, will we see more of the same in Latin America?
Challenge facing showbiz: We face a world of oneness, with more and more mergers -- merger madness! -- every day.
Ed Sweeney, deputy general secretary of finance union UNIFI, branded it "merger madness"and said hundreds of branch closures and thousands of job losses would follow a deal.
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.