Hospitals got millions in federal bailouts, charge ahead with mergers - Business Insider

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Hospitals got tens of millions in federal coronavirus bailouts. Now, they're charging ahead with mergers. (via Axios)

Getty Images/Christopher FurlongUS hospitals were granted a $175 billion federal bailout after they claimed a major loss of business during the coronavirus pandemic.

However, some hospitals around the country are spending millions on legal services while bidding millions more to buy new medical centers and grow their business empires. Industry leaders seem to be contradicting themselves: Some tout their "strong" finances during bidding wars for new facilities, others claim that COVID-19 has thrown hospitals and healthcare into "crisis."Hospitals that have pocketed tens of millions of dollars in federal coronavirus bailouts are still pursuing big-ticket mergers and acquisitions.

 

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