A Study on Impact of Acquisition Announcements on Financial Performance of Selected Hospitals in India
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Date
2016
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka
Abstract
Mergers and acquisitions is one of the most effective ways to expedite the
implementation of a plan to grow rapidly today. This study examines
performance, growth and profitability impact of the healthcare sector after
mergers and acquisitions as Indian healthcare sector is emerging as one of the
fast-growing service sectors in India. Among the healthcare sector in India,
five hospitals have been considered and the data were collected from Centre
for Monitoring Indian Economy (CMIE). The study reveals that the leverage,
liquidity, activity and profitability have improved after acquisition but there is
no greater change in total expenditure. So, the hospitals could concentrate on
reducing the total expenditure.
Description
Keywords
Acquisition, Financial performance, Healthcare sector
Citation
Nishant, R.V. 2016. A Study on Impact of Acquisition Announcements on Financial Performance of Selected Hospitals in India. In Proceedings of the 2nd International Conference in Accounting Researchers and Educators (ICARE 2016), 11th January 2017. Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.