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Buy and Bust: When Private Equity Comes for Rural Hospitals

When private equity came for two rural Missouri hospitals

Dr. Joe Corrado saw his hospital being whittled away. Supplies for surgery disappeared, crucial medicines went unstocked, paychecks never came, he said. Just days before Noble suspended operations, he told management: “We don’t have the ability to do the things we need to take care of patients.”

Buy and bust: when private equity came for two rural Missouri hospitals

Dr. Joe Corrado saw his hospital being whittled away. Supplies for surgery disappeared, crucial medicines went unstocked, paychecks never came, he said. Just days before Noble suspended operations, he told management: “We don’t have the ability to do the things we need to take care of patients.”

Private equity investors targeted rural hospitals

MEXICO, Mo. When the new corporate owners of two rural hospitals announced they would stop admitting patients one Friday in March, Kayla Schudel, a nurse, stood resolute in the nearly empty lobby of Audrain Community Hospital: "You'll be seen; the ER is open."

Buy and Bust: When Private Equity Comes for Rural Hospitals

MEXICO, Mo. When the new corporate owners of two rural hospitals suddenly announced they would stop admitting patients one Friday in March, Kayla Schudel, a nurse, stood resolute in the nearly empty lobby of Audrain Community Hospital: “You’ll be seen; the ER is open.” The hospital with 40 beds and five clinics

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