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Do you know who owns your hospital?
We spent weeks investigating the role of private equity firms who have spent billions buying health-care operations.
Critics say it's not always good for patients, doctors or the quality of health care. https://www.nbcnews.com/health/health-care/private-equity-firms-now-control-many-hospitals-ers-nursing-homes-n1203161
We spent weeks investigating the role of private equity firms who have spent billions buying health-care operations.
Critics say it's not always good for patients, doctors or the quality of health care. https://www.nbcnews.com/health/health-care/private-equity-firms-now-control-many-hospitals-ers-nursing-homes-n1203161
Private equity firms are buying up hospitals, nursing homes and ER operations.
Over the past decade, private equity firms have deployed more than $340 billion to buy health care-related operations around the world.
Over the past decade, private equity firms have deployed more than $340 billion to buy health care-related operations around the world.
This has been a seismic shift.
During the 1900s, most hospitals were owned either by nonprofit entities w/ religious affiliations or by states and cities, w/ ties to medical schools.
For-profit hospitals existed, but it wasn't until recently that they became nearly ubiquitous.
During the 1900s, most hospitals were owned either by nonprofit entities w/ religious affiliations or by states and cities, w/ ties to medical schools.
For-profit hospitals existed, but it wasn't until recently that they became nearly ubiquitous.
To finance the purchases, private equity owners typically load the companies they buy with debt.
Then they slash the companies' costs to increase earnings and appeal to potential buyers down the road. https://www.nbcnews.com/health/health-care/private-equity-firms-now-control-many-hospitals-ers-nursing-homes-n1203161
Then they slash the companies' costs to increase earnings and appeal to potential buyers down the road. https://www.nbcnews.com/health/health-care/private-equity-firms-now-control-many-hospitals-ers-nursing-homes-n1203161
"Private equity-backed health care has been a disaster for patients and for doctors," one residency program director tells us.
"Many decisions are made for what is going to maximize profits for the private equity company."
"Many decisions are made for what is going to maximize profits for the private equity company."
