Property/casualty insurer CNA has introduced a tool, along with consulting services, designed to help healthcare organizations assess new and potentially unfamiliar exposures resulting from merger and acquisitions (M&A) activity.
CNA's ‘After the Merger: A Self-assessment Tool’ was developed in response to a growing M&A trend among healthcare providers, such as hospitals, aging services organizations, allied healthcare facilities and large physician practices.
The tool asks a series of questions for healthcare organizations and providers to explore, for example whether there has been a post-merger integration plan and how will it be developed and implemented.
It also asks clients whether enterprise risks have been identified in the due diligence process been integrated into the post-merger strategy.
Joyce Benton, assistant vice president at Healthcare Risk Control, said: "Competitive pressures, healthcare reform and the cost of doing business are a few of the reasons that healthcare organizations decide to either merge with or acquire another organization or practice.
"CNA's experience in collaborating with healthcare organizations and providers across the continuum of care – and across the country – affords us a comprehensive industry view to help our customers successfully navigate the post-merger integration process.
"Post-transaction integration will have a significant impact on the success of the new entity. It is critical to use this period to assess the new landscape. Through this tool, CNA can help our customers identify the risk implications relative to M&A activity from an enterprise-wide perspective.”
CNA, M&A, Insurance, Healthcare, Risk management, US