This is why hospitals go broke.
While it is great for the individual, society suffers.
Here in Australia, our 2nd biggest private hospital owner has just gone broke.
At a fire sale, there was so little interest in buying the hospitals that many will be shut down.
The rest of the unsalable hospitals will be shoved into a stripped down charitable tax exempt trust so that the creditors ( banks and pension funds ) can recoup a small amount of the money they lent the hospitals.
Here in Australia, our 2nd biggest private hospital owner has just gone broke.
At a fire sale, there was so little interest in buying the hospitals that many will be shut down.
The rest of the unsalable hospitals will be shoved into a stripped down charitable tax exempt trust so that the creditors ( banks and pension funds ) can recoup a small amount of the money they lent the hospitals.