Here’s How Private Equity Is DESTROYING U.S. Healthcare!
Private Equity's Costly Takeover of US Hospitals and Patient Care
Discover the financial strategies private equity firms use to strip resources from hospitals and nursing homes, leading directly to degraded patient care and community distress. Understand the systemic deregulation that enables these profitable purges.
Short Summary
- Private equity invested over $200 billion in US healthcare acquisitions in 2021, prioritizing profit extraction over medical service delivery.
- Specific cases show staff forced to buy basic supplies for patients while PE firms asset-stripped facilities via debt loading and sale-leaseback schemes.
- Legislative action is deemed necessary as these financial maneuvers thrive under current regulatory environments favoring the "donor class."
This discussion unpacks a Senate report detailing how firms like Prospect Medical Holdings decimated three Connecticut hospitals through aggressive cost-cutting, maintenance neglect, and debt maneuvers. Know the mechanics of this systemic failure to understand why healthcare quality is suffering nationwide.
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Top Comments (10)
This country has been bankrupt for a long time both financially and morally. It's now a fire sale to see who can profit before it all burns
This country is in a rapid downward spiral.
Private equity destroys everything it touches. It's criminal and should be illegal.
You know the system is corrupt, when Private Equity is legal.
I worked for a hospital in an out-patient PT clinic for 29 years and saw the decline in healthcare. Then they terminated me for not complying in the cv19 shenanigans…
I DESPISE private equity. They have ruined literally everything and destroyed the middle class.
Private Equity is buying up veterinary practices too.
*End for profit healthcare, housing and education.*
The love of money is the root of all evil… Here we go 🤦♀️
If 3 hospitals are in debt, it is time to eminent domain the properties as a public utility and screw over the owners of the property in the name of public good. Give them pennies on the dollar for the properties.
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Top Comments (10)
This country has been bankrupt for a long time both financially and morally. It's now a fire sale to see who can profit before it all burns
This country is in a rapid downward spiral.
Private equity destroys everything it touches. It's criminal and should be illegal.
You know the system is corrupt, when Private Equity is legal.
I worked for a hospital in an out-patient PT clinic for 29 years and saw the decline in healthcare. Then they terminated me for not complying in the cv19 shenanigans…
I DESPISE private equity. They have ruined literally everything and destroyed the middle class.
Private Equity is buying up veterinary practices too.
*End for profit healthcare, housing and education.*
The love of money is the root of all evil… Here we go 🤦♀️
If 3 hospitals are in debt, it is time to eminent domain the properties as a public utility and screw over the owners of the property in the name of public good. Give them pennies on the dollar for the properties.