Hospitals for sale.

  • Costello M
  • West D
  • Ramirez B
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Abstract

The pace of hospital merger and acquisition activity reflects the economic theory of supply and demand: Publicly traded hospital companies, private equity funds, and large nonprofit hospital systems are investing capital to purchase and operate freestanding community hospitals at a time when many of those hospitals find themselves short of capital reserves and certain forms of management expertise. But the sale of those community hospitals also raises questions about the impact of absentee ownership on the communities which those hospitals serve.

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Authors

  • Michael M. Costello

  • Daniel J. West

  • Bernardo Ramirez

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