Cerberus Hospital Gets State Aid to Avoid Shutdown Amid Pandemic
- Pennsylvania pledges $8 million to keep it open through April
- Move comes as state sees growing number of Covid-19 cases
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A health-care company owned by private equity giant Cerberus Capital Management received financial aid from Pennsylvania to keep a hospital it owns from shutting down in the middle of the coronavirus pandemic.
Pennsylvania has pledged $8 million to Easton Hospital, which will help it remain open through April at least. The hospital was scheduled to close April 1, according to Robert Freeman, a Democrat in the state’s House of Representatives whose district includes the hospital.