After closure of two hospitals in Delco, officials rally to keep private equity out of health care

After closure of two hospitals in Delco, officials rally to keep private equity out of health care

Located outside of Crozer-Chester Medical Center in Upland, Pa., which recently closed (Capital-Star photo by John Cole)Nearly two weeks after Crozer-Chester Medical Center officially closed its doors, Gov. Josh Shapiro and state lawmakers in Delaware County gathered outside the building to rally support for legislation they believe would help prevent other hospitals from closing across Pennsylvania in the future. “We are here today because Croz…

Does Private Equity Harm Competition in the Hospital Industry?

Brent Fulton discusses private equity’s investments in hospitals and assesses the risks it presents to key stakeholders: private equity investors, debt investors, patients, and the government. He argues financial transparency regulation is needed so fraudulent transfer and bankruptcy laws can be enforced to reduce uncompensated risk being borne by patients and the government (ultimately taxpayers). Read it at ProMarket >>