Patriotic Private Equity Operators had saddled the hospital with so much debt, management fees, and excessive Executive Compensation, that vendors had started to repossess necessary equipment and supplies from the hospital’s operating rooms.
intercst
I saw that report. Typical PE method of operation: the PE group bleeds so much money out of the hospital, that it is strapped for cash and can’t pay vendors. So the vendors stop shipping supplies to the hospital. The next logical step will be to dump the hospital into bankruptcy, stiff all the other stakeholders, then buy the place out of bankruptcy, and do it all again.
Steve