""We've seen multiple cases of private equity firms themselves profiting handsomely, even as they've run hospital systems in the ground right and left, left patients with less access to care, and put thousands of workers out of work.""
""Hospitals can sustain their service. This way they don't have to fire people, they don't have to close down their facility. And in the future, demand goes back up.""
Private equity firms own 488 US hospitals, about a quarter of the for-profit healthcare sector. With federal funding decreasing and patient demand rising, hospitals face challenges. While private equity may provide financial support, it also risks reducing patient access and workforce stability. Efficiency-driven budget cuts can help struggling hospitals survive, but outcomes vary. Data on long-term success of PE-owned hospitals is limited, with some cuts deemed wasteful. The trend of acquisitions is expected to continue, particularly for facilities serving rural populations as the aging demographic increases healthcare needs.
Read at www.businessinsider.com
Unable to calculate read time
Collection
[
|
...
]