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Hospital Bailouts Begin…for Those Owned by Private Equity Firms

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On March 22, the Steward hospital chain sent a letter to Pennsylvania Governor Tom Wolf, saying it would close Easton Hospital, in the state’s Lehigh Valley, on March 27 unless it received a government bailout to keep it operating. Steward’s letter read: “If the Commonwealth has no interest in assuming all operating expenses and liabilities More

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