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Last-minute deal saves Pennsylvania hospital from closing

By Axios  
   March 31, 2020

Easton Hospital, owned by a portfolio company of Cerberus Capital Management, secured $8 million from the State of Pennsylvania in a last-minute bailout to keep the facility's doors open. Through June, the state funding commitment would total $24 million. Why it matters: It's very welcome news that a hospital won't close in the midst of a pandemic, but it also reflects pretty indefensible behavior by Cerberus.

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