Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Private Equity Takeovers Are BANKRUPTING Healthcare Centers
Posted
September 16, 2023
Views
34,836
Likes
1,694
Comments
349
Engagement
5.86%
September 16, 2023
34,836
1,694
349
5.86%
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9:14
11:49Now PlayingWall Street buyout firms are taking over physician offices and medical centers and saddling them with debt, so they can pay themselves. Ana Kasparian discusses on The Young Turks.
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"A wall of debt is coming due for private equity-owned hospitals and nursing homes that threatens to undermine care for some of the most vulnerable Americans. That’s triggering alarms in Washington.
Cheap and flexible financing that helped big Wall Street buyout firms snap up health centers, long-term care facilities and provider networks in recent years has evaporated. Higher borrowing costs are chipping away at margins. And bankruptcies at private equity-owned businesses are on track to reach decade highs, which could result in job cutbacks."
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