After a private equity firm took over a hospital, all the workers were fired

[Yo_Mama_Been_Loggin]

The news, under Noble Health letterhead, arrived at 5:05 p.m. on a Friday, with the subject line: "Urgent Notice." Audrain Community Hospital, Paul Huemann's workplace of 32 years, was letting workers go.

Word travels fast in a small town. Huemann's wife, Kym, first heard the bad news in the car when a friend who'd gotten the letter, too, texted.

"Your termination was not foreseeable," said the letter, dated Sept. 8 and signed Platinum Health Systems, adding that the firing was permanent "with no recourse" and that the "medical facility will be shuttered."

-snip-

The future for the Huemanns, hundreds of other workers and thousands of patients in two small Missouri towns began to unravel long before that afternoon. The drama playing out in Paul Huemann's hometown is familiar to many who live in rural America: Communities are so desperate to keep their hospital open that they're willing to gamble on any buyer, including those backed by private equity.

https://www.msn.com/en-us/news/us/after-a-pe-firm-took-over-a-hospital-all-the-workers-were-fired/ar-AA127D1d

Vulture capitalism.

[live love laugh]

1. And they believe education isn't necessary...

[Tree-Hugger]

2. Happened in Philly, too

A huge hospital in downtown Philly, which had been a teaching hospitals at one point, was bought by a private business. It closed down, leaving thousand of patients without care and tons of staff without jobs.

[Chainfire]

3. It is the business world saying, "You small town hicks can't afford medical care."

"As far as we are concerned you can eat shit and die, that land and facility are better used for something else." "And, by the way, those jobs? To bad, so sad."

[Backseat Driver]

4. This sucks! Here's what those deplorable vultures claimed then, less than 6 months ago.

Read the lies!

https://www.linkedin.com/pulse/two-rural-missouri-hospitals-announce-new-ownership-group-/?trackingId=7vtwq1lNuZM9X5JhN93+mg

[dalton99a]

5. +1

[Backseat Driver]

6. This sucks! Here's what those deplorable vultures claimed then, less than 6 months ago.

Read the lies! It deserves litigation but, you know, rich elite white GOP guys that include LEO/judiciary/elected local, state, and congressional critters don't necessarily pick just on POC anymore...women of any color, disabled (ditto), LGBTQ (ditto), poor (ditto), aged (ditto), vets with integrity (ditto) make all of us victims of their fancy lawyers and deadly ongoing financial assaults. Did I miss any? Sorry for the duplicate; I had more to say!

https://www.linkedin.com/pulse/two-rural-missouri-hospitals-announce-new-ownership-group-/?trackingId=7vtwq1lNuZM9X5JhN93+mg

[Bristlecone]

7. Private Equity are two words that prove toxic almost invariably.

[mitch96]

8. So what assets did the equity firm get out of the hospital and employees.

Follow the money.
Was it the pension plan if they had one? Is the dirt the hospital is on worth anything? Hummmm
m

[a kennedy]

9. HOW IS ALLOWED TO HAPPEN.....🤬 🤬 🤬 🤬 🤬