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BumRushDaShow

(168,438 posts)

45. NON-PROFITS

Tue Feb 24, 2026, 05:00 PM

Feb 24

There should be NO FOR-PROFIT ENTITIES involved in "healthcare".

One of the best Children's Hospitals in the world is right here in Philly - Children's Hospital of Philadelphia (CHOP) and it is run/managed by a FOUNDATION - Children's Hospital of Philadelphia Foundation

Here is a recent analysis about their business model -

CHOP was Southeastern Pa.’s most profitable nonprofit health system in first quarter of fiscal 2026. Four systems lost money.

I can't even begin to describe the evolution of that hospital since I was a kid who had to stay there for a procedure in the old original building decades ago, and how the charitable fundraising took it to an incredible multi-building complex, with several high rises.

The latest building on CHOP's campus is under construction right now and scheduled to open in 2028 (the tall tower in the center of the pic as rendered) -

NONE of that was there when I was there in the '60s.

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Luciferous Farmer-Rick Ursus Rex

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Highlight:

Kraft Heinz cut expenses too deeply under private equity management, its new CEO says [View all] BumRushDaShow Feb 24 OP

That is not how private equity works WSHazel Feb 24 #1

I have watched "private equity" groups Miguelito Loveless Feb 24 #4

Yep, they buy the companies with loans under the companies names. Loans that pay the "Private Equity" owners. Then LiberalArkie Feb 24 #8

one of the things i learned is the loans are often variable rate loans. uncle ray Feb 24 #11

Exactly Miguelito Loveless Feb 24 #25

The investment you described would lose money for pe firm WSHazel Feb 24 #35

I have seen it happen many times Miguelito Loveless Feb 24 #38

Companies are too expensive now WSHazel Feb 24 #40

We get offers monthly, so Miguelito Loveless Feb 24 #41

You probably are getting inbound calls from analysts WSHazel Feb 24 #47

the "good" PE does is akin to an abusive husband buying his wife flowers. uncle ray Feb 24 #7

"That is not how private equity works" BumRushDaShow Feb 24 #9

That was a thorough documentation Farmer-Rick Feb 24 #20

Wikipedia actually has some other examples that fell on the sword (or are in process of such) of PE firms BumRushDaShow Feb 24 #27

Good info Farmer-Rick Feb 24 #32

By this logic, no one should provide capital to troubled companies WSHazel Feb 24 #36

It needs to be regulated BumRushDaShow Feb 24 #42

And how does the current system help anyone? Farmer-Rick Feb 25 #48

How does a PE firm make money on a bankruptcy? WSHazel Feb 25 #50

Who would you rather have owning the hospitals? WSHazel Feb 24 #37

NON-PROFITS BumRushDaShow Feb 24 #45

Yes, yes, yes Farmer-Rick Feb 25 #49

That is exactly how private equity firms work. Mr. Mustard 2023 Feb 24 #13

The Private Equity Firms popsdenver Feb 24 #21

Well they are fucking up the housing market for both renters and would be owners. LuvLoogie Feb 24 #18

THEY are not the ones messing up the housing market WSHazel Feb 24 #39

Yes, it is Cirsium Feb 24 #24

OP was conflaiting Leveraged Buyouts with Venture Capital IbogaProject Feb 24 #33

Have you taken a look at all the medical practices pef's have bought, niyad Feb 24 #34

The term "buzz-word world" is so perfect to describe the madness in both private and the business world. walkingman Feb 24 #2

Weird Al Yankovic wrote a song about it (one of my recent faves from him) BumRushDaShow Feb 24 #10

I'm sending that to my spouse progressoid Feb 24 #19

I have had to write up a many justifications for stuff BumRushDaShow Feb 24 #28

She has to review progressoid Feb 24 #30

Serious CSNY/Dylan vibes BaronChocula Feb 24 #44

He excels at doing song parodies BumRushDaShow Feb 24 #46

Any company that is bought by Miguelito Loveless Feb 24 #3

I have, for some time, popsdenver Feb 24 #22

In other news lonely bird Feb 24 #5

Does that mean they're going to rehire all the employees in Pittsburgh that got laid off? FakeNoose Feb 24 #6

Some quick googling showed the company started putting a lot of emphasis on AI a couple of highplainsdem Feb 24 #12

It's ALWAYS private equity that fucks things up! sakabatou Feb 24 #14

I had hot dogs and Mac & Cheese growing up. Jacson6 Feb 24 #15

When someone says private equity, I think of Romney. Zackzzzz Feb 24 #16

This is what private equity does xuplate Feb 24 #17

"The whole end goal of "private equity" is to suck the life out of the companies they buy, discard what is left..." C Moon Feb 24 #23

Yup, private equity is a virus. Initech Feb 24 #31

So in order to save the company they need to increase costs bucolic_frolic Feb 24 #26

The other problem in this case, that is unspoken BumRushDaShow Feb 24 #29

Wait; you mean those private equity frat boys don't know how to run businesses? I'm shocked! Aristus Feb 24 #43