Hospitals As Well?

Apparently private equity is starting to take over hospitals. As this article, 'Private Equity and Hospitals: Have They Finally Gone Too Far?', on Racket News says when talking about how people would have reacted in the old days -

I would hazard to guess that if some speculator came in who wanted to buy the hospital, leverage it up to the hilt, squeeze every last nickel out of it by skimping on supplies, cancel vital services and risk running it into the ground, well, that speculator would have been run out of town on a rail.

Private Equity! From an old lecture called 'Introduction to Private Equity'

Sounds about right to me. But, those days in the past when communities owned and controlled community resources are gone, and private equity is doing just what's described above as it gobbles up hospitals now. After all, gotta make money from health care, right? It's the 'Merican Way'!