> The rise in private equity purchases of hospitals indicates that the money is going somewhere and it's certainly not any kind of "charity MSOs are organized

> The rise in private equity purchases of hospitals indicates that the money is going somewhere and it's certainly not any kind of "charity MSOs are organized as LLCs, not 501c3 organizations. The kinds of hospital networks that are run as 501c3s would be something like a CommonSpirit Health, Advent Health, UPMC, Mass Gen Brigham, etc. > Perhaps many small, poorly run hospitals have consolidated into a handful of large, poorly run hospitals Kinda. That's how CommonSpirit Health came to be, except backend management is basically centralized.