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this post was submitted on 12 Sep 2024
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buying a hospital (system I guess?) in order to sell off all the equipment and property and rent it back until they're bankrupt is just so cartoonishly evil, wtf
That's how a lot of venture capital places operate when they buy anything. I'm pretty sure that's what red lobster is doing. It happened to an MSP I used to work at (about two thirds of our clients were hospitals or clinics, for whatever that's worth). Doing it with a hospital system is just extra especially vile rather than the normal amount of vile.
That's exactly what happened to companies like Red Lobster and Circuit City.
Pretty much any company that hires Boston Consulting Group.
They even have a cartoonishly ironic name.
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