Private Hospital Investment Proposal Dropped from State Budget

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A proposal that would allow private investors to put capital in two hospitals, one in Brooklyn and one upstate, has been dropped from New York State’s budget. This would have been the first time that health care systems would be open to private investors. With many hospitals that serve poor patients in Brooklyn facing bankruptcy or closing, the need for private capital is urgent, Stephen Berger, an investment banker who has long advised the state on health care, told The New York Times.

Read full story on The New York Times.

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