What Happens When Private Equity Comes to Your Town's Hospital - More Perfect Union [View all]

Last month, a woman showed up to a hospital in Pennsylvania with a barely breathing baby — only to find the hospital closed.

Why? The hospital's owner sent millions to private equity investors instead of investing in healthcare.

Now patients and workers are paying the price.

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I have first-hand experience about a decade ago when the rural hospital in Wharton, Texas where my brother work closed. The fraudster that orchestrated the closing of the hospital along with several others in the country is living comfortably in a resort in Arizona.