Texas company sidesteps charity care requirement to reopen St. Dominic’s mental health unit by Gwen Dilworth, Mississippi Today July 23, 2024 A for-profit, Texas-based company will reopen the shuttered St. Dominic’s psychiatric unit by the end of the year, though it will not have to provide the level of charity care deemed “reasonable” by the state.
Sixty percent of behavioral health care deals since 2018 involved private equity firms, according to Mary Bugbee of the Private Equity Stakeholder Project. Bugbee’s organization studies the private equity industry and its growing role in health care. “It’s not surprising that trying to limit the charity care they provide because private equity firms are laser-focused on profit, and they’ll be better able to profit if they’re providing less charity care,” she said.