Anonymous ID: bebff3 July 4, 2025, 8:16 a.m. No.23275601   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>23275553

>Private equity owned physician staffing groups operate nearly one-third of all emergency departments across the country

 

> two years after buying Crozer Health, Prospect took out a $1.1 billion loan and then sent nearly half of it straight to their investors while Crozer continued to suffer. The private equity firm is not on the hook for any of that debt. Leonard Green sold Prospect in 2019, but Prospect and its hospitals were still on the hook for the debt. In order to pay down that debt, Prospect sold the real estate of its hospitals, including Crozer, to an Alabama company called Medical Properties Trust, or MPT. These deals are known as sale-leaseback transactions. What MPT does is it partners with health systems like Prospect to buy up their real estate and then rent it back. I like to call it a hospital landlord because thatโ€™s really what it is. Most of the time the revenue thatโ€™s generated from these one-time sales of the real estate, it doesnโ€™t go back into the hospital. Itโ€™s being pocketed by investors. And like a tenant, Crozer had to start paying rentโ€” $35 million a year

 

the system is so bad it's almost laughable