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Buy and Bust: When Private Equity Comes for Rural Hospitals

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

Buy and Bust: When Private Equity Comes for Rural Hospitals

Noble Health swept into two small Missouri towns promising to save their hospitals. Within 2 years after taking millions in federal COVID relief and big administrative fees it locked the doors.

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