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One set of owners will see a hospital as a community good, there to provide quality health care first and return a reasonable long-term sustainable profit. Ano
by bruce511 3y ago
One set of owners will see a hospital as a community good, there to provide quality health care first and return a reasonable long-term sustainable profit.
Another set of owners sees it as a short-term exercise in maximising profit at the expense of everything else.
Both may technically be "private equity". But when Private Equity is mentioned as a category, its typically the latter.
Of course comparing hospital results is hard, and no doubt you can cherry-pick metrics, and find anecdotes to support any position. So the story is whatever will get the most clicks.
But it's not hard to postulate, or support the idea, that when owners maximise for profit, health care comes second. That is the capitalism way.
Of course not all hospital owners are bad. A hospital may change hands multiple times via good owners. Sooner or later though an owner comes along with the goal of extracting the maximum value out of thd business, in the shortest possible time, regardless of the long-term consequences. Value likely accumulated over decades. At which point destruction is inevitable.