Phoenix68
Well-Known Member
- Joined
- Mar 12, 2022
- Messages
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"After hospitals were acquired by private equity firms, patient death rates in the emergency departments rose by 13% compared with similar hospitals, according to research published this week in Annals of Internal Medicine.
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The research, which compared outcomes at hospitals over a 10-year period, adds fresh evidence to previous studies showing harmful patient outcomes and higher costs among health care entities owned by profit-oriented financiers.
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After hospitals were acquired by private equity, the number of full-time employees fell by an average 11.6% compared with non-private equity facilities, the research found, and salary expenditures in the emergency departments and intensive care units declined by 18% and 16%, respectively.
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Private equity firms are sophisticated financial operators that buy companies, typically loading them with large amounts of debt to pay for the acquisitions. The firms hope to sell the companies for profit a few years later."
.
The research, which compared outcomes at hospitals over a 10-year period, adds fresh evidence to previous studies showing harmful patient outcomes and higher costs among health care entities owned by profit-oriented financiers.
.
After hospitals were acquired by private equity, the number of full-time employees fell by an average 11.6% compared with non-private equity facilities, the research found, and salary expenditures in the emergency departments and intensive care units declined by 18% and 16%, respectively.
.
Private equity firms are sophisticated financial operators that buy companies, typically loading them with large amounts of debt to pay for the acquisitions. The firms hope to sell the companies for profit a few years later."
.
