In Maine, seven hospitals join forces to create a $3 billion nonprofit southern Maine health system. As is typical with such mergers, the goal is to reduce costs, but some worry that healthcare service quality may suffer as a result.
FROM THE ARCHIVE: This account of the care needed when making a nonprofit acquisition in good faith is a positive but cautionary lesson for those considering these kinds of organization-changing affiliations.
Having a money-losing nonprofit hospital is a healthcare risk in any community. How will that risk change if Mission Health becomes part of HCA? It depends on respect for Mission historical role and the community’s ability to advocate for quality healthcare and services.
The sale of nonprofit health insurer Fidelis to the for-profit Centene led to the formation of a questionable statute that may impact the future of nonprofit conversions in New York state.
In the news media, tolerance of staff cutbacks is fraying, sparking an intensifying search for new business models, including a growing number of calls for nonprofit ownership.
Have you heard of the large and often anonymous LLC-based funder that just bought majority shares in The Atlantic?
We’ve heard of flipping houses—but hospitals? What is going on with this for-profit health network and all its nonprofit hospital acquisitions?
Funders who believe that a field may be well served by a merger or two would do well to watch their language and make a pot of capital available for explorations. How about making those explorations a little less charged?
The shift to managed care and tighter government funding has put pressure on the nonprofits in the health field. For some organizations, the new operating environment will prove too difficult.
This appalling story reinforces why states are supposed to step in on behalf of the public when the assets of a nonprofit are liquidated.
