Journal article
Consolidations and closures: an empirical analysis of exits from the hospital industry
Health economics, v 16(5), pp 457-474
May 2007
PMID: 17031782
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
This paper investigates the pre-exit characteristics of hospital mergers, acquisitions, and closures. We estimate competing risk hazard models using an 18-year national data set that spans the wave of closures in the 1980s and of mergers in the 1990s. Evidence shows that weak productivity of the hospital is a strong determinant for closures while competitive pressures are more influential in the decision to consolidate. Thus, increased market power, relative to cost reductions, appears to play a larger role in the merger decision. Our results also provide insight into possible correlations between mergers and closures.
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Details
- Title
- Consolidations and closures: an empirical analysis of exits from the hospital industry
- Creators
- Teresa D Harrison - Department of Economics, LeBow College of Business, Drexel University, Philadelphia 19104, USA. tharrison@drexel.edu
- Publication Details
- Health economics, v 16(5), pp 457-474
- Publisher
- Wiley; England
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:000246406200003
- Scopus ID
- 2-s2.0-34249079466
- Other Identifier
- 991014878057304721
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InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Web of Science research areas
- Economics
- Health Care Sciences & Services
- Health Policy & Services