Keckley Report November 22, 2021
Paul Keckley

The STAT headline last Tuesday read: “How America’s largest Catholic hospital system is moonlighting as a private equity firm” The news organization’s investigation involved “interviews with nearly two dozen academic experts, financial analysts, accountants, and community organizers and a review of more than 3,500 pages of financial disclosures, lawsuits, and previously undisclosed internal financial documents.”

STAT’s Rachel Cohrs wrote “Rather than passively investing in private equity funds, the practice of several major nonprofit hospitals, Ascension has over the past six years actively made investment decisions to play the private equity game itself, for profit. The investigation reveals how far a wealthy, religious, tax-exempt health system can migrate toward behaving like a Wall Street firm — and how little such a...

Today's Sponsors


Today's Sponsors


Today's Sponsor


Topics: Health System / Hospital, Investments, Provider, Trends
HCA is building three Florida hospitals as part of a $3 billion investment
Ballad Health assumes full ownership of 2 Virginia hospitals, commits $310M to community health investments
Private Equity Ownership Linked to Higher Medicare Costs, Increased Hospitalization
The Catholic hospital system Ascension is running a Wall Street-style private equity fund
Why Health Care Systems Should Invest in Medical Malls