We have milked the public health scam for all it's worth and now we are dumping the costs of operating these things back on the governments of those states while we continue to milk the dumb as dirt corrupt democratic government of CA since the voters are so stupid that they keep electing even dumber democrats than the last democrat.
“focus exclusively on its facilities in California”
where taxpayers pay for InvaderCare.
Prospect was founded in 1996 by a group of physicians in California. In 2010, private equity firm Leonard Green & Partners (LGP) acquired a 61.3% stake in Prospect in a $363 million leveraged buyout.
Amid the hospital system's fiscal troubles, Leonard Green attempted twice to sell the company in 2015 and 2018, but failed due to the company's poor financials. Prospect then initiated a $1.31 billion dividend recapitalization, which allowed it to refinance its debt and landed Leonard Green $658.4 million in dividends and management fees.
In 2019, Prospect sold its California, Connecticut, and Pennsylvania hospital real estate to Medical Properties Trust (MPT), a healthcare real estate investment trust, for $1.386 billion in order to pay off debt. However, this sale-leaseback transaction stuck Prospect's hospitals with triple-net leases, requiring that the hospitals pay rent, property taxes, and maintenance on the properties.
They ran it into the ground and made a lot of money. ✔️
That’s what happens when they are required to give free healthcare to welfare deadbeats who use the hospital inn lieu of having a PCP and illegals.
Unionized Nursing and Medical Staff hospitals .No one wants them and will close .
Unions contracts kill off most hospitals .
Is Jim Buden on the Board of Directors?
SO THEY CAN STAY IN CALIF & BURN DOWN?????