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Daughters of Charity’s weak market presence cited as reason for failed acquisition deal
Modern Healthcare

Amid a surge of consolidation in healthcare as the industry responds to healthcare reform, a hospital deal that broke down this week underscores the premium on size, market leverage and geographic reach.

Ascension Health, the nation’s largest private not-for-profit health system, and the Daughters of Charity, a struggling six-hospital system in Los Altos Hills, Calif., announced they had ended acquisition talks. Instead, the Daughters of Charity, which first opened a California hospital in 1856, would seek buyers interested in one or more of the system’s hospitals.