This study draws on the institutional and resource-based theories of the firm and examines whether multi-product firms use mergers as a strategic tool to reconfigure their product-mix toward high-profit products. We propose that mergers facilitate product-mix reconfiguration by relaxing institutional and organizational constraints on resource redeployment. Analysis of data from the U.S. hospita...

Using DEA, we investigated the impact of ownership, size, and location on the relative technical efficiency of community hospitals in Ontario, which has a single payer system. Consistent with Hansmann's theory of non-profit organizations and contrary to US-based research, we find no significant differences in efficiency across ownership types (government, religious or secular non-profit). Nor d...

This paper investigates how hospital affiliation in a multi-hospital system (contract managed, owned, sponsored), the number of system hospitals, HMO and PPO contracts, and other factors, impacts hospital cost efficiency. Using a 1996-1999 panel of 248 hospitals, results show that for urban hospitals, increasing the number of hospitals in the system, system ownership and contract management/spo...

Hospitals serve as anchor institutions in many U.S. communities and make contributions to bolster population health reduce preventable death. Most studies date have focused on nonprofit hospitals, but there may be significant opportunity for for-profits fill this role both urban rural communities. Using 2017–2018 data, we calculated descriptive statistics a multivariate regression model assess ...

This paper analyzes the for-profit transformation of health care, with emphasis on Internet start-ups, physician practice management firms, insurance plans, and hospitals at various stages in the industry life cycle. Venture capital, conglomerate diversification, publicly traded equity, convertible bonds, retained earnings, and taxable corporate debt come with forms of financial accountability ...