Screwing Average Joe
The Young Turks
00:00
The Fall of Delaware County Memorial Hospital
The collapse of hospitals providing essential care to ailing Americans continues to be a major problem in the United States. Last fall's closure of Delaware County Memorial Hospital had huge consequences for its local community, which once relied on its services and no longer can do so. And much like the fall of other successful companies, private equity is behind the hospital's closure. In 2018, Prospect Medical's owners took out a $1.12 billion loan and paid themselves a $457 million dividend.
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