As consolidation trends continue in the healthcare sector, hospitals are functioning as both acquirer and acquiree in a multitude of transactions and joint ventures. For the business appraiser, a thorough understanding of these trends is crucial to the appraisal of hospitals. Healthcare valuation experts Don Barbo and John Meindl provide an in-depth perspective into hospital valuations and share their insights on the current state of the hospital industry. An extensive overview of hospital transaction activity, reimbursement trends, and hospital valuation metrics shows how appraisers can best prepare themselves for the opportunities and challenges that lie ahead.