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Private Equity’s Footprint in Philadelphia Healthcare
The report identifies approximately 900 private equity-owned healthcare locations in the Greater Philadelphia area, with significant concentrations in physical therapy, behavioral health, dental care, and home health services. It argues that private equity's 'roll-up' strategies and debt-funded dividend extractions increase the risk of bankruptcy, reduce quality of care, and drive up costs for patients. The document details specific local examples, such as the closure of Hahnemann University Hospital and the financial decline of Crozer Health, while calling for increased federal and state regulatory oversight of healthcare acquisitions.
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Document type: Report