Private equity in the emergency room

I wanted to start a discussion about this fantastic article that I was reading. It shed some light on private equity in medical practices not just EDs, but in general.

It paints a picture of private equity regularly, stripping hospitals and nursing homes, bare of resources, saddling them with a ton of debt And then having them declare bankruptcy On billions of dollars of payments that have already been made to the investors that own the facility.

https://www.statnews.com/2024/08/19/private-equity-health-cares-vampire/

The sorts of arrangement should be illegal inside and outside of healthcare.

As an individual, I can't just take out $1 million worth of credit cards declare bankruptcy and keep the cash. Investors should not be able to buy nursing homes require nursing homes pay rent to an investor fund and then declare bankruptcy and keep the cash. It's affectively a corporate version of the same thing as bankruptcy fraud.

I've always seen some insightful information from the sub. What are you guys think to me this could really starve rural communities of resources to the point where patients are in danger.