The Private Equity Firms That Gobble Up Hospitals and Spit Them Out

The Private Equity Firms That Gobble Up Hospitals and Spit Them Out

Alfredo Sanchez learned plenty in nursing school, but nothing prepared him for his first job in the trauma intensive care unit at Crozer-Chester Medical Center in Delaware County, Pennsylvania. The EKG machine, for instance, was fickle; it had a frayed cord that had to be held just so. Then the machine finally died, and Sanchez had to get other over-stretched nurses to cover his critically ill patients while he raced around the hospital, looking…