Private Equity Took Over a Hospital. Then It Shuttered.

A private equity firm's acquisition of a Chester, Pennsylvania hospital led to its closure, leaving the community in shock. Financial struggles intensified during the pandemic, resulting in bankruptcy and highlighting unsustainable rent obligations. Local emergency services now face an overwhelming demand for care. Legislative efforts are underway to increase oversight of private equity in healthcare, aiming to protect patient care. The situation raises urgent questions about the future of community hospitals and the impact of profit-driven decisions on essential health services.