CHI's Acquisition of St. Luke's Episcopal Health Detailed

As part of a deal to acquire Houston's St. Luke's Episcopal Health System, Catholic Health Initiatives will contribute more than $1 billion to create a foundation that will serve the area's underserved population.

1 comments on "CHI's Acquisition of St. Luke's Episcopal Health Detailed"
Bruce E. Woych (4/24/2013 at 11:31 AM)

Across the country, and indeed around the developed world, private equity and for-profit medical marketing has become an insidious concentration forcing out traditional not for profit institutions that have served over many years. Privatized medicine has yet to prove it can get through a decade without price bubbles and capital flight, and the issue of cost reduction is a profit driven expediency rather than a patient based concern over financial security during and after health crisis. Trumped up arguments appear against religious controls that divide and conquer from internal factions that play directly into the transfer of assets to secularized "neutral" civil-legal categories...which turn out to be simply narrow market interests in the end and far from medical delivery as the ideal covenant it once was. It is interesting to see the distinction made here to actually widen the base of delivery to those "underserved" populations. This is not the focus for the revenue seeking concerns of privatization and outsourcing. It is very encouraging to see this non-profit competing against the market profit trend. it is curious that the "regulators" are interested in fair play, however, I never heard any interest in this concern in mergers and consolidations of the past few years. It should be interesting further to see what criteria they use to judge this fairness!


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