Pennsylvania Supreme Court relents for now on medical malpractice changes - discussion with Rex Burgdorfer

https://www.mcall.com/news/nationworld/pennsylvania/mc-nws-pennsylvania-medical-malpractice-20190213-story.html

Nationally, a few health care companies are reeling from growing too fast, too soon. Tennessee-based Community Health Systems Inc., for example, has sold a number of hospitals, including Easton Hospital in Wilson, to deal with a $15 billion long-term debt burden. Reading Hospital bought five former CHS hospitals, while Steward Health Care — which like CHS is a for-profit company — agreed to buy Easton Hospital. Tenet Healthcare Corp., a Dallas for-profit company with 77 hospitals, is also selling facilities because of financial losses and heavy debt load.

Nonprofit hospitals such as St. Luke’s and LVHN borrow to finance projects because they don’t have the options that for-profit companies have of using investor money to build out their business, said Rex Burgdorfer, a Chicago mergers-and-acquisitions banker who has advised Pennsylvania hospitals in merger decisions.

https://www.mcall.com/news/nationworld/pennsylvania/mc-nws-pennsylvania-medical-malpractice-20190213-story.html