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O’Melveny’s Sullivan Quoted in Daily Journal on Health Care ConsolidationMay 21, 2013
The Daily Journal’s May 20, 2013, article, “St. John’s Bidding War Shines Spotlight on Consolidations,” quoted O’Melveny & Myers LLP counsel Stephen Sullivan on the trend of health care consolidation. “Margins are tighter and tighter,” Sullivan said in the article, predicting that there will be more mergers and acquisitions of hospitals as owners “are nervous” about how the Affordable Care Act will affect costs.