New study results regarding hospitals mergers and acquisitions. Do you want to merge or do you want to grow organically? It is a trade-off: either grow organically and you have flexibility but no mass, or grow through M&A and you have mass but are less flexible. Paraphrasing Steve Jobs: do you want to be a pirate or do you want to join the navy? Just keep in mind, it is always and always will be about the patients!