🚨🇺🇸SECOND HOSPITAL CHAIN COLLAPSES, RAISING QUESTIONS ABOUT PRIVATE EQUITY’S

🚨🇺🇸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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