If health care were the housing market, private equity firms would be the flippers. They buy a company or a hospital on the cheap, make some cosmetic adjustments, load it up with debt, and sell at a profit, typically leaving it in a worse state. Indeed, Americans are more likely to have complications during a stay in a hospital that has been acquired by a private equity firm, according to a 2023 study by researchers at Harvard Medical School.
Author: Jess McAllen
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Last Updated: March 20, 2025