Basically, the company had to pay for its own buyout when private equity firms KKL, Vornado, and Bain bought the company for $6.6 billion, mostly with loans.
Because the company then had to pay off those extreme loans, they were forced to sell off their assets and property, which they leased back from the very private equity firms that now owned them.
The same thing happened more recently with Red Lobster and JoAnn Fabrics.
What’s crazy is that the Catholic hospitals are becoming your best bet.
So you’re kinda right!
Unless you want care they consider morally objectionable.
I don’t want religion anywhere near my medical care, it’s crazy it got to this point
Used to be all hospitals were religious in nature. And don’t conflate Catholic hospitals with Evangelical nut jobs, whole different worlds.
Ex-wife was a sort of surgeon at the local Catholic hospital. Never heard of anyone being denied care on religious grounds. Of course they’re not going to do an abortion, but that’s about it.
Or are a kind of person they consider objectionable.