Buy and Bust: When Private Equity Comes for Rural Hospitals ...Middle East

MEXICO, Mo. — When the new corporate owners of two rural hospitals suddenly announced they would stop admitting patients one Friday in March, Kayla Schudel, a nurse, stood resolute in the nearly empty lobby of Audrain Community Hospital: “You’ll be seen; the ER is open.” The hospital — with 40 beds and five clinics — typically saw 24 to 50 emergency room cases a day, treating patients from the surrounding 1,000-plus acre farms and tiny no-stoplight towns, she said. She wouldn’t abandon them. A week later Noble Health had the final word: It locked the doors. Noble, a three-year-old startup that acquired Audrain and nearby Callaway Community Hospital, offered explanations o

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