Private equity rushed into healthcare -- now, a nurse warns: 'Be scared'

Hahnemann University Hospital in Philadelphia is slated to close in September, less than two years after private equity firm Paladin Healthcare bought it. Critics accuse the buyout firm of preferring to close the hospital, rather than keep it running, because the city real estate is valuable to developers. Private equity investment in hospitals and clinics has surged in the last decade, reaching $10.4 billion last year.