A study by physicians in the Journal of the American Medical Association describes a pattern of selling land, equipment and other resources after private equity acquires hospitals.
  • Lexam@lemmy.caEnglish
    321·
    5 months ago

    These stories never show the positive side. Sure the hospitals can’t take care of the patients as well as before and that is an unfortunate reality that just can’t be avoided. However now the hospitals can take better care of the shareholders (slave holders)!

    • MrVilliam@lemmy.worldEnglish
      201·
      5 months ago

      And isn’t that what it’s really all about in the end? What are hospitals if not profit generators for the owner class? Those private equity heroes took an oath to “do no harm” to their shareholders’ financial quarter.

  • Hegar@fedia.io
    28·
    5 months ago

    This is just the rich looting hospitals to enrich themselves.

    In the UK the rich looted hospitals to such measurably bad health outcomes that the average height dropped by 1cm (1/2 inch) during the tories’ 14 year tenure.

  • funkless_eck
    8·
    5 months ago

    It’s like if you sell all the parts for scrap from your car and then are surprised you can’t drive to work.

  • letme_meowmeowEnglish
    1·
    4 months ago

    old news.,

    Everyone know that private equity fuck up anything they take over.