Comment by RockyMcNuts

https://prospect.org/health/2023-05-23-quackonomics-medical-...

Interesting story of how some private equity guys would

- buy hospitals

- sell the real estate for more than they paid for the hospital, signing a long-term lease at a high rent

- pay themselves an immediate huge profit. the higher the rent the hospital promised, the bigger the sale/leaseback deal, so the bigger the profit.

- default, hospital goes bankrupt, the community and the dumb patsy who bought the hospital gets left holding the bag.

classic bustout from Goodfellas or The Sopranos, but mobsters get investigated, PE guys don't.