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Selling out your non-profit hospital to an investment firm that turns around, sells out the physical property the hospitals are in for 1 billion+ and signs a 30
by theklub 6y ago
Selling out your non-profit hospital to an investment firm that turns around, sells out the physical property the hospitals are in for 1 billion+ and signs a 30 year lease on said properly. Firm banks the profit from the real estate deal, then resells the business that's now saddled with way more debt than it ever had in the form of leases back to the CEO they bought it from to begin with for peanuts. It's really the fleecing of America. Sure someone made a ton of money but now the once "community" hospitals are left in horrible shape.
- Red_Leaves_Flyy 6y agoIsn't this just structuring to disguise reverse mortgage fraud with extra steps?
- alexpetralia 6y agoThey like to say they are "unlocking value". How respectable!
- thedrbrian 6y agoThey should have said disrupting the ownership paradigm
- throwawaymanbot 6y agoThis is what a Mafia Does. This is what American investment capital has become.