Gretchen Morgenson: From Wall Street to Journalism
Masters in Business
00:00
The Contraintuitiveness of Private Equity in Emergency Departments
Perry: I don't understand how all these not-for-profit hospitals get purchased and rolled up into a chain. Perry: What we're really talking about is the staffing companies that staff the hospitals. There are two major players in emergency departments, KKR and Blackstone control 40% of the nation's emergency departments. Of course they say to the hospital, we're going to improve your profitability. We're going to help you, you know, make more money. But the doctors that I have spoken to in emergency medicine say that's absolutely not the case.
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