Private Equity buys companies, forces rapid growth, while stripping income and skimping on operations and people to gain profits. Terrible recipe for health care. But as Emergency room docs, radiology, labs and hospital systems are gobbled up by Private Equity, the care delivery tanks. Health systems, like Steward, go under. More hospital, provider, and pharmacy deserts pop up nationally.
We need to stop the ability for Private Equity to buy our healthcare entities. Their model is to buy, strip and flip.
Enough is enough. Our citizens deserved better. Its no wonder we rank 28th in heath outcomes in all leading countries. Pay more. Get less.