Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TexasTowelie

(122,004 posts)
2. Unfortunately, it is looking more like a situation
Mon Dec 24, 2018, 03:58 AM
Dec 2018

where the CEO of the corporation was using the hospitals as a personal slush fund.

A similar situation occurred in the town where I live. While the CEO was flying around in private jets, buying expensive vehicles, and living in an exclusive gated community, he did everything possible to ruin the hospital (e.g., selling the CT-Scan to a private shell corporation he set up, then leasing the scanner back to the hospital at a ridiculous markup). This particular owner has a track record of buying hospitals, extracting the assets, and declaring bankruptcies dating back to the 1990s. The only difference is that EmpowerHMS has acquired about a dozen hospitals and they all crashed simultaneously, while the owner of the hospital where I live would only have 3 or 4 hospitals running at one time and he would shift the money around like a shell game. Unfortunately, the owner was a lawyer who knew how to manipulate the system because he really deserves to be in jail.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Region Forums»Oklahoma»Prague hospital runs shor...»Reply #2