Noble Health, a three-year-old private equity-backed startup, acquired Audrain and nearby Callaway Community Hospital during the coronavirus pandemic. Facing staggering debt, lawsuits and two federal investigations, it sold the hospitals to a Texas-based Platinum Health Systems. This month, Platinum Health told hospital workers they no longer had jobs.
Noble Health, a three-year-old private equity-backed startup, acquired Audrain and nearby Callaway Community Hospital during the coronavirus pandemic. Facing staggering debt, lawsuits and two federal investigations, it sold the hospitals to a Texas-based Platinum Health Systems. This month, Platinum Health told hospital workers they no longer had jobs.
Noble Health, a three-year-old private equity-backed startup, acquired Audrain and nearby Callaway Community Hospital during the coronavirus pandemic. Facing staggering debt, lawsuits and two federal investigations, it sold the hospitals to a Texas-based Platinum Health Systems. This month, Platinum Health told hospital workers they no longer had jobs.
After Platinum Health took control, workers at 2 hospitals fired insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
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.