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Quick Take
What does this mean for Watsonville patients and the the community?
According to Eileen Applebaum, an economist who studies private equity firms and the co-director at the Center for Economic and Policy Research, “there doesn’t seem to be any evidence that patients are worse treated” at hospitals where private equity firms like Leonard Green are major investors in hospital companies, as is now the case in Watsonville.
”But what we do see is that [if the firm] thinks an operation is not paying its way, they will close it at that particular hospital,” she said, explaining that certain patient services might be reduced or shut down. “They will say: Well, there’s another hospital, it’s only another 50 miles [away]. [You] want to deliver your baby, go there.”
Press release content from Business Wire. The AP news staff was not involved in its creation.
Medical Properties Trust, Inc. Reports Fourth Quarter and Full-Year Results
February 4, 2021 GMT
BIRMINGHAM, Ala. (BUSINESS WIRE) Feb 4, 2021
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2020 as well as certain events occurring subsequent to quarter end.
Net income of $0.20 and Normalized Funds from Operations (“NFFO”) of $0.41 for the 2020 fourth quarter and net income of $0.81 and NFFO of $1.57 for the full-year 2020, all on a per diluted share basis;