Memphis was poised to become one of the nation’s most consolidated markets following the acquisition of Tenet’s two Saint Francis Healthcare facilities by leading integrated delivery network Methodist Le Bonheur Healthcare, but the FTC blocked that acquisition in November 2020, citing a reduction in competition and elevated healthcare rates. The acquisition attempt speaks to a years-long trend in the Southeast, which has seen mergers and acquisitions shake up market share and dynamics in places like Nashville, Atlanta and Memphis. We are likely to see consolidation continue in Memphis as providers strained with COVID-19 and an above average number of chronic disease patients turn to the financial and clinical resources of larger employed or clinically integrated groups. While prescription drug utilization may suffer from the continued decrease in medical visits, telemedicine is being embraced by local health systems as a viable alternative to in-person care. Patients that forego telemedicine to bridge the care gap could end up seeking emergent care for worsened conditions or may need longer-term medication therapy.

Related Reports

Tuscon | Arizona | 2021 | Market Overview Brief

Tucson health systems are growing outside their traditional areas of operation, using different types of facilities to increase patient volume. Physicians and health systems are increasingly aligne...

View Details

Salt Lake City | Utah | 2021 | Market Overview Brief

Salt Lake City is a sophisticated healthcare delivery market where several advanced elements are present, including population health management, risk-based payments, clinical integration, and clin...

View Details

Pittsburgh | Pennsylvania | 2021 | Market Overview Brief

UPMC and Highmark’s Allegheny Health Network, the dominant healthcare players in Pittsburgh, will likely continue predetermined growth strategies in 2020 and beyond, focusing on finishing fac...

View Details

Knoxville | Tennessee | 2021 | Market Overview Brief

The loss of Physicians Regional Medical Center in 2018 prompted Knoxville’s highly consolidated integrated delivery network sector to invest in multiyear renovation and expansion plans to hel...

View Details