Private Equity Took Over a Hospital. Then It Shuttered.

The hosts, Ryan and Jess, introduce an upcoming live show in New York City before diving into the main topic: the healthcare crisis in Chester, Pennsylvania. The episode investigates how a private equity firm, Leonard Green and Partners, acquired struggling hospitals through Prospect Medical Holdings, extracted significant dividends, and left the hospitals in financial distress. This ultimately led to the closure of Chester's local hospital. The closure exacerbated existing socioeconomic issues, overwhelming emergency services and leaving residents without access to necessary healthcare. The state government is now intervening, considering legislation to regulate private equity involvement in healthcare facilities, while local organizations struggle to fill the gaps in care.