Deals
Dirty, Dingy Hospitals: Doctors Blame Debt-Fueled Takeovers
- Community Health faces anger at lucrative Indiana facility
- Bonds are rising as creditors bet on a company turnaround
This article is for subscribers only.
There are two groups Community Health Systems Inc. can’t push too far: the doctors at its hospitals, and the debtholders it owes billions of dollars. Right now, the creditors are winning, and the doctors aren’t happy.
In Fort Wayne, Indiana, the rancor about Community’s neglect of a local health system has gotten so bad that a group of doctors tried to get rid of corporate ownership and buy the company out. And 1,500 miles away on the island of Key West, Florida, doctors say patients are being overcharged so that Community, sometimes called CHS, can rake in cash.