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Buoyed by bailout funds, all major for-profit hospital chains reported increased profits in Q2

from Healthcare Dive

Buoyed by bailout funds, all major for-profit hospital chains reported increased profits in Q2 Healthcare Dive The second quarter of 2020 was supposed to be devastating for hospital providers as the COVID-19 pandemic forced many to stop business as usual in order to brace for a surge of patients and preserve precious resources. Yet, all of the nation's largest for-profit hospital chains saw higher profits, and some more than tripled their net income compared to last year. In large part, federal relief funds propped up hospitals as volumes plunged, which raises questions about whether the bailout funds were supposed to pad profits. READ MORE

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