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Private equity firms are increasingly buying hospitals, and they have poorer results
YAY CAPITALISM! YAY VULTURE CAPITALISM!
They do all the things with hospitals that they do with all the other things they buy: make the companies pay rent for the land they used to own, hit them with tons of debt to the vulture capitalists that just bought them, and cut costs to the bone. Here's a lovely quote from the article: "In private equity hospitals, patients experienced a 27 percent increase in falls, a 38 percent increase in central-line bloodstream infections (despite placing 16 percent fewer central lines than control hospitals), and surgical site infections doubled."
Placing FEWER central lines and having MORE central line infections? Now that is an achievement!
*sigh*
https://arstechnica.com/health/2024/01/hospitals-slash-staff-services-quality-of-care-when-private-equity-takes-over/
They do all the things with hospitals that they do with all the other things they buy: make the companies pay rent for the land they used to own, hit them with tons of debt to the vulture capitalists that just bought them, and cut costs to the bone. Here's a lovely quote from the article: "In private equity hospitals, patients experienced a 27 percent increase in falls, a 38 percent increase in central-line bloodstream infections (despite placing 16 percent fewer central lines than control hospitals), and surgical site infections doubled."
Placing FEWER central lines and having MORE central line infections? Now that is an achievement!
*sigh*
https://arstechnica.com/health/2024/01/hospitals-slash-staff-services-quality-of-care-when-private-equity-takes-over/