HIT Consultant August 5, 2024
What You Should Know:
– A new study has revealed a concerning trend in the healthcare industry: a significant decline in hospital assets following private equity acquisitions. The research, published in JAMA, analyzed data from 197 acquired hospitals and found a 24% decrease in total capital assets compared to a 9.2% increase in control hospitals over a two-year period post-acquisition. This decline is attributed to the sale of hospital assets, including land and buildings, to repay investors.
– The study examined data from Medicare cost reports between 2006 and 2021. It compared hospitals acquired by private equity firms to a matched group of non-acquired hospitals, controlling for factors such as region, bed size, and teaching status.
New Study Reveals Impact...
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