• Kaufman Hall reported 16 hospital and health system M&A transactions announced in Q3 2026, matching the year-ago quarter.
• Total transacted revenue reached $8.2 billion; average seller size was about $586 million, signaling sustained deal flow among larger systems.
• Two mega mergers were announced, defined as deals involving organizations with more than $1 billion in annual revenue.
• Divestitures made up nearly one-third of announced transactions; not-for-profit buyers accounted for most acquirers.
• Separate operating data showed year-to-date operating margin of 2.5%; nearly 43% of hospitals were operating at a loss.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kaufman Hall and Associates Inc. published the original content used to generate this news brief on October 13, 2026, and is solely responsible for the information contained therein.