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Senate Report Highlights Detrimental Impact of Private Equity on Hospitals

share-iconWednesday, January 08 comment-icon2 weeks ago 10 views
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cbsnewsCBSNEWS
Senate Report Highlights Detrimental Impact of Private Equity on Hospitals

Credited from: CBSNEWS

  • A **Senate Budget Committee** report harshly criticizes two **private equity firms** for undermining patient safety in underserved hospitals.
  • The report, based on extensive investigations, highlights **financial manipulations** by Leonard Green & Partners and Apollo Global Management.
  • Senators emphasize that these firms prioritize their **profits over patient health**, contributing to staffing shortages and hospital closures.
  • Investigation reveals significant evidence of **financial mismanagement**, including substantial **dividends to executives** while neglecting hospital care.
  • Concerns remain about **continued underinvestment** in rural health facilities, with implications for quality care and community access.

Read more at the original article: CBS News.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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