A LA-based company that owns more than a dozen hospitals in four states filed for bankruptcy
Prospect Medical relied on the value of their hospital real estate to help finance massive payouts for their private equity investors, diverting funds away from direct patient care
Prospect Medical relied on the value of their hospital real estate to help finance massive payouts for their private equity investors, diverting funds away from direct patient care
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" You peasants deserve nothing" is the mantra of every private equity enterprise.
Until a few yrs ago, MN law did not allow for-profit health ins to do business in MN.
However a few yrs ago GOP chgd this law. So now UHC is selling in MN. But there are MN hlth care systems no longer accepting UHC.
THEM
ALL
https://ctmirror.org/2025/01/09/prospect-medical-restructuring-ct-hospitals-yale-new-haven-health-deal/#:~:text=Prospect%20Medical%20Holdings%2C%20the%20owner,in%20The%20Wall%20Street%20Journal.
This is a capitalists fever dream.
“And when you can't borrow another buck from the bank or buy another case of booze, you bust the joint out. You light a match.”
Private equity vultures should be in prison, and that nefarious practice abolished from the economy.
This is not just corporate greed... this is corporate greed that's denying people the care they need to stay alive and enjoy healthy lives.
Classic Bust Out.
The dollar is so valuable to them that they're willing to kill Americans to get it. Just shameful.
More ugly corporate fuckery https://youtu.be/46_WDSpcFQ0?si=1UriAqPG9QDXQ3i7
(Extreme sarcasm.)
Remove the wall of privacy protecting Corporate America from any form of accountability.
Public health and utilities should never be controlled by the private sector.
Government is only as good as you allow it to be.....
Saw a sign spinner for Party City yesterday, sighed and said the same thing.
There isn’t *alwsys* one, but if I were a gambler, I’d be pretty comfortable with the odds that there was.
I'm high...