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re: Apparently private equity is buying up small hospitals in LA

Posted on 3/19/24 at 9:37 am to
Posted by LaLadyinTx
Cypress, TX
Member since Nov 2018
6095 posts
Posted on 3/19/24 at 9:37 am to
quote:

This is going to be a total disaster


There have been for profit hospital corporations, both traded publicly and owned by private equity firms for 30+ years. It's not something new.
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3169 posts
Posted on 3/19/24 at 9:40 am to
quote:

There have been for profit hospital corporations, both traded publicly and owned by private equity firms for 30+ years. It's not something new.


This situation IS relatively new.

STOP conflating regular capitalism with the vulture-like capitalism of these super-greedy private equity companies.
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