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Dwindling Prospects: What happens when hospitals disappear

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Manage episode 505924764 series 3446609
Content provided by 9fin Limited. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by 9fin Limited or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Private equity has made its way into nearly 23% of for-profit US hospitals, despite financial goals that can be at odds with the patient-oriented priorities in health systems.

Distressed reporter Samantha Kroontje went to a new “healthcare desert” in Delaware County, Pennsylvania, to speak to some of the people impacted by the closure of its main health system, which came after years of debt-funded growth and dividends led by former private equity owner Leonard Green.

In this week’s episode of Cloud 9fin, deputy distressed editor Rachel Butt spoke with Kroontje about the reporting process for a recent feature story on the fallout of Prospect Medical’s bankruptcy. It delves into the financial maneuvers of Prospect’s previous private equity owner that led to the company’s unravelling, the healthcare workers who were impacted, and the local vendors likely to get pennies on the dollar.

Have any feedback for us? Send us a note at [email protected]. Thanks for listening!

  continue reading

217 episodes

Artwork
iconShare
 
Manage episode 505924764 series 3446609
Content provided by 9fin Limited. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by 9fin Limited or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Private equity has made its way into nearly 23% of for-profit US hospitals, despite financial goals that can be at odds with the patient-oriented priorities in health systems.

Distressed reporter Samantha Kroontje went to a new “healthcare desert” in Delaware County, Pennsylvania, to speak to some of the people impacted by the closure of its main health system, which came after years of debt-funded growth and dividends led by former private equity owner Leonard Green.

In this week’s episode of Cloud 9fin, deputy distressed editor Rachel Butt spoke with Kroontje about the reporting process for a recent feature story on the fallout of Prospect Medical’s bankruptcy. It delves into the financial maneuvers of Prospect’s previous private equity owner that led to the company’s unravelling, the healthcare workers who were impacted, and the local vendors likely to get pennies on the dollar.

Have any feedback for us? Send us a note at [email protected]. Thanks for listening!

  continue reading

217 episodes

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