Antecedents of hospital ownership conversions, mergers, and closures.
Publication
, Journal Article
Sloan, FA; Ostermann, J; Conover, CJ
Published in: Inquiry : a journal of medical care organization, provision and financing
January 2003
This study assesses the determinants of conversions in hospital ownership from 1986 through 1996. To place such changes in context, we also analyze causes of hospital mergers and closures, which are often alternatives to hospital ownership conversion. A consistent result from our analysis is that an important antecedent of ownership conversions is a low profit margin. Conversions from private nonprofit or government ownership to for-profit status are preceded by chronically low margins and high debt-to-asset ratios. By contrast, conversions from for-profit ownership occur quickly following declines in margins. Many mergers seem motivated by a desire to increase market power--a consideration not evident for conversions.
Duke Scholars
Published In
Inquiry : a journal of medical care organization, provision and financing
DOI
EISSN
1945-7243
ISSN
0046-9580
Publication Date
January 2003
Volume
40
Issue
1
Start / End Page
39 / 56
Related Subject Headings
- United States
- Probability
- Privatization
- Ownership
- Organizational Innovation
- Models, Econometric
- Income
- Hospitals, Voluntary
- Hospitals, Public
- Hospitals, Proprietary
Citation
APA
Chicago
ICMJE
MLA
NLM
Sloan, F. A., Ostermann, J., & Conover, C. J. (2003). Antecedents of hospital ownership conversions, mergers, and closures. Inquiry : A Journal of Medical Care Organization, Provision and Financing, 40(1), 39–56. https://doi.org/10.5034/inquiryjrnl_40.1.39
Sloan, Frank A., Jan Ostermann, and Christopher J. Conover. “Antecedents of hospital ownership conversions, mergers, and closures.” Inquiry : A Journal of Medical Care Organization, Provision and Financing 40, no. 1 (January 2003): 39–56. https://doi.org/10.5034/inquiryjrnl_40.1.39.
Sloan FA, Ostermann J, Conover CJ. Antecedents of hospital ownership conversions, mergers, and closures. Inquiry : a journal of medical care organization, provision and financing. 2003 Jan;40(1):39–56.
Sloan, Frank A., et al. “Antecedents of hospital ownership conversions, mergers, and closures.” Inquiry : A Journal of Medical Care Organization, Provision and Financing, vol. 40, no. 1, Jan. 2003, pp. 39–56. Epmc, doi:10.5034/inquiryjrnl_40.1.39.
Sloan FA, Ostermann J, Conover CJ. Antecedents of hospital ownership conversions, mergers, and closures. Inquiry : a journal of medical care organization, provision and financing. 2003 Jan;40(1):39–56.
Published In
Inquiry : a journal of medical care organization, provision and financing
DOI
EISSN
1945-7243
ISSN
0046-9580
Publication Date
January 2003
Volume
40
Issue
1
Start / End Page
39 / 56
Related Subject Headings
- United States
- Probability
- Privatization
- Ownership
- Organizational Innovation
- Models, Econometric
- Income
- Hospitals, Voluntary
- Hospitals, Public
- Hospitals, Proprietary