Private investment can improve healthcare |PennLive letters

Private Equity and Hospitals: Have They Gone Too Far?

Private equity has made significant investments in for-profit hospitals over the last 15 years. Perhaps it's time to stop them.

Private investment can improve healthcare |PennLive letters

I write today in response to the opinion piece titled “Private equity greed is behind PA hospital closures.”There is no question the collapse of these hospitals is a tragedy—for patients, physicians, and the communities served. While not all the facts are public about how it was managed, it’s clear this investment firm was not acting in the best interest of patients. However, it would be a mistake to conclude all private investments in healthcar…

Private Equity and Hospitals: Have They Finally Gone Too Far?

Emergency department employees at Carney Hospital in Dorchester, Mass., wave goodbye after their final shift on Aug. 31, 2024. The hospital closed as part of Steward Health Care bankruptcy proceedings. (Getty Images)A long time ago when I was a kid, our local hospital was one of the rocks of our community. While it was not usually a destination of choice, you had confidence that the hospital was there solely for the purpose of taking care of you…