This is the reason why healthcare is failing.

AleksandarN · Jul 29, 2019

Rich investors may have let a hospital go bankrupt. Now, they could profit from the land
https://www.cnn.com/2019/07/29/economy/hahnemann-hospital-closing-philadelphia/index.html

The "he" Gutierrez was talking about is Joel Freedman, the California-based owner of the private equity-backed company that bought Hahnemann and its sister hospital St. Christopher's for $170 million in early 2018. About a month ago, the entity that owns the two hospitals filed for Chapter 11 bankruptcy protection, saying that although St. Christopher's was profitable, Hahnemann's financial situation was unsalvageable.
Click to expand...

For profit healthcare adds so much costs. It is why America spends more for healthcare than any other country. These equality firms that buy companies and jack up prices or strip down profitable companies for assists in healthcare is the main problem. It is sickening

Forums

This is the reason why healthcare is failing.

AleksandarN Member

Share This Page

About ClutchFans

Rockets Content

Support ClutchFans!