The Private Equity Wave in Health Care
ACEP Now
SEPTEMBER 3, 2024
Hahnemann University Hospital in Philadelphia closed in 2019, a year and a half after it was acquired along with St. Christopher’s Hospital for Children by private equity (PE) firm Paladin Healthcare Capital for 170 million dollars. Of that total, 120 million dollars were new loans taken out against the assets of the hospitals with interest rates around 10 percent. 1 Immediately after the purchase, the real estate holdings of the hospitals were spun off into a separate company owned by Paladin a
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