Guest column: Private equity poses threat to home health care

Guest column: Private equity poses threat to home health care 
The Gardner News; by Jane Pike-Benton. Worcester Telegram & Gazette; 7/21/24 
Health care observers across the commonwealth are focusing their attention on a bankruptcy court in Houston to learn the fate of eight Massachusetts hospitals being sold at auction by Steward Health Care. Steward’s financial collapse has unsurprisingly brought scrutiny on private equity in care delivery to a crescendo. ...  Nationally, the number of hospice agencies owned by private equity nearly quadrupled from 2011 to 2019. Seventy-two percent of those acquired hospices were previously nonprofits. As policymakers work to stabilize a health care capacity crisis pushed to the brink by Steward, they cannot afford to lose sight of home health and hospice providers in the shuffle. Organizations like ours, many of which were founded with nonprofit missions well over a century ago, are essential to hospitals desperately looking to discharge patients.