Hacker News new | ask | show | jobs
by doom2 25 days ago
> The bad PE phenomenon buyout is annoying, but businesses that become miserable for the customers and employees are not stable long-term businesses

What happens when those businesses are hospitals, for example? I've read too many stories of hospitals getting bought by PE and either shutting down or staying (while offering increasingly poor service). In one outcome, it reduces the accessibility to healthcare. In the other, it forces those most unable to choose to stay with subpar care. In both cases, it's not like other health systems are rushing in to replace what has been lost. We just end up with fewer and shittier hospitals.