Private equity firms buy hospitals, load them with debt, extract billions in fees and dividends, and walk away paid - whether the hospital survives or not.
A peer-reviewed study in the Annals of Internal Medicine found 7 additional deaths per 10,000 emergency room visits at private equity hospitals. In the same period, those hospitals cut staffing by 11.6%.
Three cases. Named firms. Confirmed numbers.
And then the part nobody talks about: the firms doing this are funded by teacher pension funds, firefighter retirement accounts, and state employee retirement systems. Your retirement savings may be financing the private equity firm that owns your hospital.
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