🚨🇺🇸SECOND HOSPITAL CHAIN COLLAPSES, RAISING QUESTIONS ABOUT PRIVATE EQUITY'S ROLE IN HEALTHCARE Prospect Medical Holdings, working sixteen hospitals throughout four states, filed for bankruptcy, mirroring Steward Health's in advance collapse. Both chains bought their clinic homes to Medical Properties Trust, leasing them again in offers critics call "financially extractive." Private fairness corporations exited after large payouts, leaving hospitals harassed with debt and groups with decreased get entry to to care. Cornell Professor Rosemary Batt: "Sale-leaseback agreements and personal fairness 's approaches permit the pillaging of hospitals beneathneath criminal loopholes." Source: Axios
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